Tag: China Scrap purchase prices
-
China’s Shagang Steel Cuts Scrap Purchase Price by USD 4
Eastern China’s largest ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has lowered steel scrap purchase prices by RMB 30/MT (USD 4) effective from yesterday. After witnessing two price hikes by a total RMB 180/MT earlier in December, the company has lowered scrap prices amid falling finish long prices and bearish sentiments…