Tag: Jiangsu Shagang Group

China’s leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, has again slashed its scrap buying prices today. The steelmaker cut prices by RMB 50/t ($7/t) for all grades against the last revision on 20 October. After the latest revision, HMS (6-10 mm) prices stand at RMB 2,810 /t ($388/t) delivered to headquarters, including 13%…