Tag: China Shagang Steel scrap purchase price

China’s largest EAF steelmaker, Jiangsu Shagang Group, announced a cut in its scrap purchase prices today, 26 Oct’21. The steel producer decreased its scrap procurement prices by RMB 50/tonne (t) ($8/t) for all grades, with immediate effect from today, sources confirmed. After the latest round of revision, prices of HMS (6-10 mm) stand at RMB…