Tag: Shagang Steel Rebar Prices

One of the largest ferrous scrap consumers in east China, Shagang Jiangsu Steel group has cut its domestic scrap purchase price by Chinese Yuan (RMB) 40/MT (USD 6). After witnessing price drop of total RMB 60/MT last week, the company has slashed its prices again amid weakening global scrap prices and sufficient inventories available in hand. As per latest…