Tag: Shagang steel scrap purchase prices

China’s leading steelmaker – Shagang Steel has increased its scrap purchase price by RMB 270/t($42), for all grades, effective from today. The company would now pay for HMS (6-10 mm) at RMB 4,190/t ($652), inclusive of 13% VAT, delivered to headquarters. In order to lead more scrap deliveries and hike in imported scrap offers, the…