Intel Details

China: Shagang Steel Hikes Scrap Purchase Price by USD 11 - Sources

Melting Scrap
4 Jun 2020, 15:48 IST
Steel Mint Intel

China's EAF steelmaker - Shagang Steel group has announced a price hike by RMB 80/MT (USD 11) for all grades of domestic steel scrap procurement, effective from tomorrow, 5 June'20. The purchase price for HMS (6-10 mm thickness) will be at RMB 2610/MT (USD 366), inclusive of 13% VAT, delivering to headquarters works in Zhangjiagang in China, shared by a reliable source.

4 Jun 2020, 15:48 IST
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