Tag: China Shagang Steel scrap purchase price

China: Shagang Steel raises scrap purchase prices for third time in March

Mar 29, 2022

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by

Deepika Singh

in Melting Scrap

China’s leading electric arc furnace (EAF) steelmaker, the Jiangsu Shagang Group, raised its scrap purchase prices by RMB 50/t (tonne) ($8/t) today, ie, 29 Mar’22. Notably, this is the third hike in this month to improve scrap deliveries to steel mills. The company’s current procurement prices for domestic HMS (6-10 mm) scrap surpassed the previous…