Tag: china shagang scrap prices

China’s leading electric arc furnace (EAF) steelmaker, the Jiangsu Shagang Group, raised its scrap purchase prices by RMB 150/t (tonne) ($23/t) today. Notably, this is the third hike in this month. With this, the company’s scrap purchase bids have hit over a one-month high as similar price levels were seen in early Nov’21. Current prices…