Tag: China Shagang Steel scrap purchase price

China: Shagang lifts scrap purchase prices by $15/t on lower inventories, rising steel prices

Oct 12, 2021

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by

Drishya Yadav

in Melting Scrap

China’s largest EAF steelmaker, the Jiangsu Shagang Group, announced a sharp rise in its scrap purchase prices on 12 Oct’21. The steel producer raised its scrap procurement prices by RMB 100/tonne (t) ($15/t) for all grades, with immediate effect from 12 Oct’21, sources confirmed. This week, the Chinese steel market gained momentum across product categories…