Tag: china shagang scrap prices

China: Shagang Steel trims scrap price by $3/t due to weak demand

Sep 22, 2022

—

by

Anshuman

in Melting Scrap

China’s leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, has trimmed its scrap purchase prices after three weeks. The steelmaker slashed scrap purchase prices by RMB 20/t($3/t) for all grades against the last revision on 31 August. After the latest revision, HMS (6-10 mm) prices are at RMB 3,120/t ($440/t) delivered to headquarters, including…