Tag: Jiangsu Shagang Group

China’s largest electric arc furnace (EAF) steelmaker, the Jiangsu Shagang Group, lifted its scrap buying prices on 30 December 2022. This is its fifth consecutive revision in December. Overall, this month, prices are up by RMB 160/t ($23/t) including this raise. The steelmaker, on 30 December, reduced prices by RMB 80/t ($11/t) for all grades…