Tag: China Scrap purchase prices

Since 1st Jan’18, Shagang Steel in China has registered total price drop of RMB 160/MT (USD 25) for domestic scrap purchase price. The largest ferrous scrap consumer in China, Shagang Jiangsu Steel group has cut its scrap buying prices twice by Chinese Yuan 50/MT (USD 8) once on Saturday and again today respectively (i.e. 13th…