Tag: China domestic scrap prices
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China’s Shagang Steel Raises Scrap Purchase Price by USD 12
Eastern China’s largest ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has lifted steel scrap purchase prices further by RMB 80/MT (USD 12) effective from 19th Dec. This is the second price hike the company has observed in Dec’18, after witnessing RMB 100/MT increase on last Thursday. Amid lowering scrap inventories and…