Tag: Shagang steel scrap purchase prices

Shagang Steel – a leading steel enterprise in Jiangsu province in East China, sharply hiked its scrap buying prices on 13 May’21 by RMB 270/t ($42) for all grades. Currently, the company is paying RMB 4,190/t ($649) for HMS (6-10 mm), inclusive of 13% VAT, delivered to its headquarters at Zhangjiagang, located north of Shanghai.…