Tag: China Scrap purchase prices

Since last 3 days, Shagang Steel has announced its third consecutive price cut for scrap purchase resulting in the total price cut of RMB 160/MT since Saturday (13th Jan’18). One of the largest ferrous scrap consumer in China, Shagang Jiangsu Steel group has cut its scrap buying price by Chinese RMB 60/MT (USD 9.3) today…