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Shagang cuts its scrap purchase price by $4.2/mt-Metal Exhibition-Steel Exhibition-2026 China (Guangzhou) International&
nbsp;Metal & Metallurgy Industry Exhibition
12/11/2025 金屬展-冶金展-鋼鐵展-steel expo-metal & metallurgy expo |
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On December 11, jiangsu-based Shagang Group, China''s largest private steelmaker, announced a RMB 30/mt($4.2/mt) decline in its scrap purchase price, following a RMB 30-60/mt decrease on November 22, reflectingongoing bearish sentiments as regards the future prospects for the scrap market.
Accordingly, Shagang''s purchase prices for heavy melting scrap, HMS 1, 2 and 3 grades, have decreased toRMB 2,420/mt ($342/mt), RMB 2,390/m ($338/mt) and RMB 2,360/mt ($333/mt) delivered, including 13 percentVAT, respectively.
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