Tag: China Shagang Steel scrap purchase price

China’s leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group has cut its scrap purchase prices today after a month’s break. The steel producer reduced its scrap procurement prices by RMB 50/tonne (t) ($8/t) for all grades with immediate effect, sources confirmed. With this downward revision, current prices of HMS (6-10 mm) stand at RMB…