Tag: China Steel Production

China: Shagang cuts scrap procurement prices by $11/t on steel output curbs

Sep 17, 2021

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by

Deepika Singh

in Melting Scrap

China’s largest EAF steelmaker, Jiangsu Shagang Group, has announced a cut in its scrap purchase prices today, after a hike seen at the start of the month. The steel producer has lowered its scrap buying prices by RMB 70/tonne (t) ($11/t) for all grades, effective 17 Sept’21, sources confirmed. After the latest round of revisions,…