Tag: China Shagang Steel scrap purchase price

One of China’s largest electric arc furnace (EAF) steelmakers, the Jiangsu Shagang Group, has trimmed its scrap buy prices today. The steelmaker has cut prices sharply by RMB 100/t ($14/t) for all grades against the last revision on 21 October. After the latest revision, HMS (6-10 mm) prices stand at RMB 2,710/t ($379/t) delivered to…