Tag: Shagang Steel Rebar Prices

China: Shagang lifts scrap purchase prices by $12/t after 1-month gap

Jul 19, 2021

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by

Deepika Singh

in Melting Scrap

China’s largest electric-arc furnace (EAF) steel maker, the Jiangsu Shagang Group, announced its first hike for scrap purchases for Jul’21. The company today announced a scrap procurement price hike by RMB 80/tonne (t) ($12/t) across all grades. The reasons behind the hike in the scrap bids include securing more scrap deliveries and hike in semi-finished…