Tag: Shagang steel scrap purchase prices

Leading steel enterprises in Jiangsu Province have cut scrap procurement prices by RMB 100/t ($16) for all grades today. The current price indication for HMS (6-10 mm) stands at RMB 3,960/t ($615), inclusive of 13% VAT, delivered to headquarters. This is the company’s third price cut announced this week. A sharp drop in domestic steel…