Tag: Chinese rebar exports offers
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China: Shagang Steel Slashes Scrap Purchase Price by USD 4
After hitting almost 6 years high levels on tight scrap supply, eastern China’s largest private ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has announced the price cut for all grades of domestic steel scrap procurement by RMB 30/MT (USD 4) effective from today 6th Aug’19. Notably, Chinese currency Yuan (RMB) has…