Tag: Jiangsu Shagang Group
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China: Shagang Steel lifts scrap buy prices by $15/t after a week’s gap
China’s leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, has hiked its scrap purchase prices after a week’s gap. Due to improvement in demand and sales in the finished steel market, scrap prices continued to show positive signs. The steelmaker has announced a hike in scrap purchase prices by RMB 100/t ($15/t) for all…