Tag: China Shagang Steel scrap purchase price

China’s largest electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, increased its scrap buying prices on 13 December 2022. This is its third consecutive revision in December. On a combined basis, the prices are up by RMB 180/t ($26/t). The steelmaker, on 13 December, raised prices by RMB 80/t ($11/t) for all grades against the…