Tag: China Shagang Steel scrap purchase price

China’s largest EAF steelmaker, Jiangsu Shagang Group, has announced a sharp hike in its scrap purchase prices for the first time in Sept’21, after three continuous price cuts in Aug’21. The steel producer has raised its scrap buying prices by RMB 80/tonne (t) ($12/t) for all grades, effective 3 Sept, sources confirmed. After the latest…