Author: Kedar
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China: Shagang Steel Cuts Scrap Purchase Price USD 7
Shagang steel made 4th successive price cut for scrap purchase by another RMB 50/MT today, witnessing a total price drop by RMB 160/MT (USD 23) after hitting years’ high on 30th July amid falling billet & finish long prices. Eastern China’s largest private ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has…