Tag: Shagang steel scrap purchase prices

China’s Shagang group – has lowered its domestic scrap purchase price by RMB 50/t ($7) for all grades, effective from today (24th Sep’20). This is 3rd price cut made by the company so far in Sept’20.   The purchase price of HMS (6-10 mm) thickness has now come down to RMB 2,690/t ($394), inclusive of 13% VAT delivering to headquarters works at Zhangjiagang North…