Tag: steel scrap demand China

China: Shagang Steel decreases scrap procurement prices by $4/t

Aug 19, 2025

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by

Adarsh Ramteke

in Melting Scrap

China’s leading steel mill, Shagang Steel, reduced its scrap procurement prices by RMB 30/t ($4/t) across all grades on 19 Aug’25. First price cut in August after a long standstill. Following this adjustment, prices of HMS (6-10 mm) stood at RMB 2,460/t ($343/t), down from RMB 2,490/t ($344/t) on 28 Jul’25, inclusive of 13% VAT.