Author: Rashi
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China’s Shagang lifts scrap buying prices on imported scrap, futures support
China’s largest steel enterprise,- the Jiangsu Shagang Group, located in Jiangsu province, announced the first hike in its scrap purchase prices for the month of Jun’21 on 11 Jun’21. The company raised scrap procurement prices by RMB 100/tonne (t) ($16/t) for all grades, effective from today. Hike in imported scrap offers from Japan and the…