China's Shagang Jiangsu Steel has announced a hike in scrap procurement prices for the first time in Jan'22. The steel producer has raised prices by RMB 100/t ($16/t) for all grades effective 8 Jan. After the revision, the price of HMS (6-10mm) stands at RMB 3,690/t ($579/t) delivered to headquarters, including 13% VAT.
Shagang Steel raises scrap buy price by $16/t
China's Shagang Jiangsu Steel has announced a hike in scrap procurement prices for the first time in Jan'22.
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