Tag: Chinese Scrap supply-demand
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China: Shagang Steel Lifts Scrap Purchase Price by Upto USD 7
As per updates received from sources, eastern China’s largest private ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has announced the price hike for all grades of domestic steel scrap procurement by RMB 20-50/MT (USD 3-7) effective from 30th July’19. Notably, Chinese ferrous scrap prices have gone up to a record high…