Tag: Shagang scrap purchase price

China: Shagang Steel hikes scrap buy prices by $7/t after 3-week pause

Dec 5, 2022

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by

Anshuman

in Melting Scrap

China’s largest electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, raised its scrap buy prices on 5 December 2022. This is the first revision since 15 November last. The steelmaker has lifted prices by RMB 50/t ($7/t) for all grades against the last revision on 15 November. After the latest revision, HMS (6-10 mm) prices…