Tag: China price update
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China: Shagang Steel’s 3rd Scrap Purchase Price Cut in a Week’s Time
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker- Shagang Jiangsu Steel group has announced another price cut for all grades of domestic steel scrap procurement and reduced its bids by RMB 30/MT (USD 4) effective from today 18th October’19. Notably, this the 3rd successive price cuts by the company in this week and…