Tag: shgang steel scrap

China’s Shagang Steel has reduced its ferrous scrap procurement prices by RMB 30/t ($4/t) for all grades, effective 9 Sep’24. Revised HMS (6-10 mm) prices stood at RMB 2,360/t ($332/t), including 13% VAT. This represents the company’s first price cut in Sep’24, following an adjustment on 16 Aug’24. Chinese domestic scrap prices have been under…