Tag: China scrap prices
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China’s Shagang Steel 2nd Price Cut for Scrap Purchase 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 by RMB 50/MT (USD 7) effective from 30 Aug’19. Notably, this is steel mills’ 2nd price cut in a week’s time. Prior to this, the company had…