Tag: China Shagang Steel scrap purchase price

China: Shagang Steel lowers scrap purchase prices in fourth cut since end-Oct

Nov 3, 2021

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by

Deepika Singh

in Melting Scrap

China’s leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, cut its scrap purchase prices today, 3 Nov’21. The steel producer reduced its scrap procurement prices by RMB 80/tonne (t) ($13/t) for all grades, with immediate effect, sources confirmed. With this cut, the current prices of HMS (6-10 mm) stand at RMB 3,570/t ($558/t), including…