Shagang Group raises scrap purchase prices by $21/mt in May

Shagang Group, China’s largest private steelmaker, has announced that as of May 6 it has raised its scrap purchase prices by RMB 100/mt ($14.2/mt).

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 6.11
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0
Billet FOB CIS, $/mt 0.69
Rebar FOB Turkey, $/mt -1.8
HRC FOB China, $/mt 0.55
Wire Rod FOB China, $/mt 0
Click to see all prices
Product Weekly Change (%)
Billets FOB China 0
Iron ore (62%) CFR China -2.33
Rebar FOB Turkey 0
Scrap HMS I/II 80:20 CFR Turkey -0.2
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index 0.23
Turkish Scrap Index -0.48
Black Sea HRC Export Index -1.35
US (East Coast) HMS I/II scrap export index -0.91
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