Tag: China Spot Rebar Prices
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China’s Shagang Steel Slashes Scrap Purchase Price USD 9 on Falling Steel Prices
Eastern China’s largest ferrous scrap consumer – Shagang Jiangsu Steel group has slashed the prices for its finish long steel products up to USD 26/MT for late November shipment. Amid falling finish steel prices steelmaker has reduced scrap prices further by RMB 60/MT (USD 9) witnessing third price cut in November. As per reports, Shagang…