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 30/t ($4) effective from today. The purchase price for HMS (6-10 mm) has now climbed up to RMB 2,750/t ($398), inclusive of 13% VAT, delivered to headquarters. Prices of scrap may remain at current high levels on…