Tag: China Steel Price

China’s Shagang Steel Raises Scrap Purchase Price by RMB 80 (USD 11)

Sep 10, 2019

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by

Akshay

in Melting Scrap

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has announced a price hike for all grades of domestic steel scrap procurement by RMB 80/MT (USD 11 ) effective from today 10th September’19. As per updates, Shagang Steel is paying RMB 2,730/MT (USD 384) inclusive of 13% VAT for…