Tag: China Billet Offers

Eastern China’s largest ferrous scrap consumer – Shagang Jiangsu Steel group has slashed scrap purchase price successively by RMB 60/MT yesterday and RMB 80/MT today. Amid sharply falling finish steel prices steelmaker has reduced scrap prices further by RMB 140/MT (USD 20) witnessing five price cuts in Nov’18. As per reports, Shagang is paying RMB…