Tag: Jiangsu Shagang Group

China: Shagang Steel trims scrap buy prices by $7/t amid slow finished steel demand

Oct 18, 2022

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by

Anshuman

in Melting Scrap

China’s leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, has trimmed its scrap buying prices for the first time this week. The steelmaker slashed scrap purchase prices by RMB 50/t ($7/t) for all grades against the last revision on 14 October. After the latest revision, HMS (6-10 mm) prices stand at RMB 2,910/t ($405/t)…