Tag: Shagang steel scrap purchase prices

China’s Shagang Steel announced its second price cut in a span of two days for its scrap purchase price by RMB 30/t ($4) for all grades, effective from today. The price for HMS (6-10 mm) stands at RMB 2,740/t ($404), inclusive of 13% VAT, delivered to headquarters. The price trend of finished steel is weak…