Tag: Shagang Steel Rebar Prices

Amid rally in finish steel prices in Chinese spot market, Shagang Steel has raised domestic scrap purchase prices today by RMB 100/MT (USD 16) following the hike in its rebar prices by RMB 130/MT (USD 20). One of the largest ferrous scrap consumers in east China, Shagang Jiangsu Steel group has raised its scrap purchase prices by Chinese Yuan 100/MT (USD…