Tag: Jiangsu Shagang Group

China: Shagang Steel lifts scrap buy prices by $14/t after consecutive cuts

Nov 8, 2022

—

by

Anshuman

in Melting Scrap

China’s largest electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, raised its scrap buy prices on 8 November 2022 after consecutively cutting prices by a total of $66/t from 12 Oct’22. The steelmaker has increased prices by RMB 100/t ($14/t) for all grades against the last revision on 31 October. After the latest revision, HMS…