Tag: Jiangsu Shagang Group

China: Shagang drops scrap purchase prices by $7/t after consecutive hikes in past weeks

Dec 21, 2022

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by

Anshuman

in Melting Scrap

China’s largest electric arc furnace (EAF) steelmaker, the Jiangsu Shagang Group, decreased its scrap buying prices on 20 December 2022. This is its fourth consecutive revision in December. On an overall basis, this month, prices are up by RMB 130/t ($19/t) including this cut. The steelmaker, on 20 December, reduced prices by RMB 50/t ($7/t)…