Tag: Shagang Steel Rebar Prices

Eastern China’s largest ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has raised steel scrap purchase prices by RMB 80/MT (USD 12) effective from yesterday. After witnessing a price cut by RMB 30/MT on 26th Dec, the company might have lifted scrap prices amid tight availability and concerns of heavy smog in…