Tag: Shagang Steel Rebar Prices

Eastern China’s largest ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has finally raised its scrap purchase price by RMB 100/MT (USD 14.5) effective from 13th December delivery. Amid rising finish steel prices in the domestic market, steelmaker has lifted scrap prices after witnessing almost six price cuts in Nov’18. Consequently, Shagang…