Tag: China Shagang Steel scrap purchase price

China’s leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, has reduced its scrap purchase prices in June 2022 considering weak domestic finished steel sales and falling billets and finished steel prices to varying degrees amid tepid transactions. In line, the ongoing monsoon also impacted the construction activities in Jiangsu. The steelmaker cut its scrap…