Tag: China Scrap purchase prices
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China: Shagang Steel Cuts Scrap Purchase Price by USD 7
After witnessing sharp price hike by about RMB 350/MT (USD 51) in a months’ time, Shagang has cut scrap purchase prices following slowdown in finish steel demand amid growing pessimistic mood in the market. One of the largest ferrous scrap consumers in east China – Shagang Jiangsu Steel group has cut its domestic scrap purchase…