Tag: Shagang steel scrap purchase prices

China: Shagang Group cuts scrap purchase price further on global cues and weak demand

Jan 29, 2021

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by

Rashi

in Melting Scrap

Eastern China’s largest EAF mill – Shagang steel has reduced its scrap purchase prices for all grades today by RMB 30/t ($5). Currently, scrap price for HMS (6-10 mm) stands at RMB 3,190/t ($493), inclusive of 13% VAT, delivered to headquarters. Prices of other grades, including HMS (10-20 mm) thickness stands at RMB 3,220/t ($498) and HMS (not less than or equal to 20 mm) thickness, stands at…