Tag: China Shagang Steel scrap purchase price

China’s leading electric arc furnace (EAF) steelmaker, the Jiangsu Shagang Group, has cut its scrap purchase prices for the third time in May 2022. The steelmaker reduced its scrap procurement prices by RMB 100/tonne (t) ($15/t), for all grades with immediate effect, sources confirmed. With this, Shagang’s scrap purchase prices have fallen to a two-month…