Tag: China steel scrap prices

China’s largest EAF steelmaker, Shagang Jiangsu Steel, has announced the second reduction in scrap purchase price for Aug’21, as per latest reports. The steel producer has cut scrap purchase price by upto RMB 50/t ($8) for all grades effective from 9 Aug’21. Bearish steel market sentiments and lower global scrap prices have led to the…