China: Shagang Steel increases scrap procurement prices by $7/t
- China's leading steel mill, Shagang Steel, increased its scrap procurement prices by RMB 50/t ($7/t) on 16 Sep'25.
- This marks the second price revision this month. Following this adjustment, prices of HMS (6-10 mm) stood at RMB 2,460/t ($346/t), up from RMB 2,410/t ($339/t) on 2 Aug'25, inclusive of 13% VAT.