Tag: China Shagang Steel scrap purchase price

China: Shagang Steel cuts scrap price by $11/t due to weak finished steel demand

Oct 12, 2022

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by

Anshuman

in Melting Scrap

China’s leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, decreased its scrap buying prices for the second time in October 2022. The steelmaker slashed scrap purchase prices by RMB 80/t( $11/t) for all grades against the last revision on 10 October. After the latest revision, HMS (6-10 mm) prices currently stand at RMB 3,010/t…