Tag: China rebar offers

China’s largest electric-arc furnace (EAF) steelmaker, the Jiangsu Shagang Group, has slashed its   scrap purchase prices for Aug’21 by up to RMB 50/tonne ($8/t) across all grades, sources informed SteelMint.  This is the third price cut announced by the company in Aug’21. In the previous week, the company had lowered prices by similar levels. After…