Tag: Shagang Steel Rebar Prices
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China: Shagang Steel Raises Scrap Purchase Prices by USD 16/MT
Amid recovering prices in Chinese spot market, Shagang Steel raised its rebar prices by RMB 120/MT (USD 19) and domestic scrap purchase prices by RMB 100/MT (USD 16) respectively. 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 16). After holding the scrap…