Tag: China Shagang Steel scrap purchase price

China: Shagang Steel lifts scrap buy prices after almost 4-month gap on market recovery

Aug 1, 2022

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by

Deepika Singh

in Melting Scrap

China’s leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, has hiked its scrap purchase prices after an almost four-month gap. Scrap prices show a sign of recovery on the back of improving demand and sales in the finished steel market. The steelmaker has hiked prices by RMB 100/tonne (t) ($15/t) for all grades against…