Tag: china steel offers

China: Shagang announces 2nd scrap procurement price cut for Aug’21

Aug 10, 2021

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by

Deepika Singh

in Melting Scrap

China’s largest electric-arc furnace (EAF) steelmaker, the Jiangsu Shagang Group, has announced the second drop in its scrap purchase prices for Aug’21, sources informed SteelMint. The steel producer has cut scrap purchase prices by up to RMB 50/t ($8/t) across all grades. This is the company’s second price cut announced in August. Last week too the…