Tag: china scrap price

China: Shagang Steel Observes 2nd Scrap Purchase Price Cut in 3 Days

Oct 17, 2019

—

by

Akshay

in Melting Scrap

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 17th October’19. This is the 2nd price cut by the company in just 3 days…