Tag: Shagang steel scrap purchase prices

China’s Shagang Steel has announced a price hike for all grades of domestic steel scrap procurement by RMB 50/t ($7) effective from today. The purchase price for HMS (6-10 mm) is now set at RMB 2,800/t ($409), inclusive of 13% VAT, delivered to headquarters. High iron ore prices and peak season demand resulted in price…