Tag: Shagang steel scrap purchase prices

Eastern China’s largest EAF steelmaker- Shagang Steel – has decreased its domestic scrap purchase price by RMB 30/t ($4) for all grades. The price cut comes after a series of price hikes observed since mid-Jun’20. The purchase price of HMS (6-10 mm) thickness has now been reduced to RMB 2,770/t ($405), inclusive of 13% VAT delivering…