Tag: Shagang Steel Rebar Prices

Following hike in long steel prices for early August delivery by RMB 50-100/MT (USD 8-15), Shagang has raised its scrap purchase prices by RMB 100 (USD 15) today amid increased scrap usage and falling inventories. One of the largest ferrous scrap consumers in east China, Shagang Jiangsu Steel group has raised its domestic scrap purchase…