Tag: China domestic scrap prices

Domestic scrap purchase prices have moved down further by RMB 20-50/MT (USD 3-8) today amid falling global scrap prices and sluggish demand for finish steel in the country. One of the largest ferrous scrap consumers in east China, Shagang Jiangsu Steel group has cut its domestic scrap purchase price today by Chinese Yuan (RMB) 40/MT (USD 6). After witnessing price cut by…