Tag: Shagang steel scrap purchase prices

The leading steel enterprises in Jiangsu Province have hiked scrap purchase prices by RMB 100/t ($16) for all grades today. Price indication for HMS (6-10 mm) stands at RMB 3,820 ($594), inclusive of 13% VAT, delivered to headquarters. Higher finished steel prices amid a surge in futures and increase in imported scrap offers have resulted…