Tag: China production cuts

As per reports, Shagang’s steel scrap prices have reached highest RMB 2700/MT mark, the first time so far in last one years’ period. One of the largest ferrous scrap consumers in east China, Shagang Jiangsu Steel group has raised its domestic scrap purchase prices by Chinese Yuan (RMB) 60-80/MT (USD 9-12) today. After keeping prices…