Eastern China mills increase scrap buying prices again

摘要

Mills in eastern China raised scrapbuying prices again Tuesday as domestic rebarprices climbed further.Jiangsu Shagang Group, the largestscrap consumer in China, on Tuesday raisedits buying price by Yuan 50/mt ($8/mt), acompany source said. Shagang will pay Yuan1,310/mt, including 17% value-added tax,delivered to Zhangjiagang, Jiangsu province,for heavy melting scrap 6 mm thick and above.