Tag: China domestic scrap prices
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China: Shagang Steel Makes 2nd Scrap Price Cut in a Week’s Time
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has lowered steel scrap purchase prices further for all grades by RMB 40/MT (USD 6) effective from today (1st Apr’19). Notably, this is the second successive price cut the company has observed in the last one week’s time. As per…