Tag: Shagang Steel Rebar Prices

Shagang Steel has cut domestic scrap purchase prices twice by USD 5/MT each in last couple of days over the slowdown in demand in finish steel. One of the largest ferrous scrap consumers in China, Shagang Jiangsu Steel group has reduced its scrap buying prices further by Chinese Yuan 60/MT (USD 10) through the last two successive price cuts observed on 16th…