Tag: china scrap price
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China: Shagang Steel Raises Scrap Purchase Price by USD 11
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has announced a price hike for all grades of domestic steel scrap procurement by a significant margin, increasing its purchase price by RMB 80/MT (USD 11) effective from today 7th November’19. The price hike comes after 3 weeks of unchanged…