Tag: Jiangsu Shagang Group

China’s leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, has increased its scrap purchase prices twice this week. Firm demand for finished steel with the resumption of production was the reason behind the hike in scrap procurement prices. The steelmaker increased scrap purchase prices by RMB 150/t( $22/t) for all grades against the last…