Tag: China Shagang Steel scrap purchase price
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China: Shagang lifts scrap purchase prices by $12/t after more than a month
China’s largest electric arc furnace (EAF) steelmaker, the Jiangsu Shagang Group, lifted its scrap buying prices on 7 February 2022. This is the first revision after 30 December, 2022. After a gap of over a month, the company raised its scrap purchase prices taking the opportunity of the Chinese New Year holidays. Resumption of market…