Tag: Shagang steel scrap purchase prices

China’s Shagang Steel Further Cuts Scrap Purchase Prices by USD 8/MT

Mar 27, 2018

—

by

Nishtha Mukherjee

in Melting Scrap

Owing to steep fall in domestic steel prices, in last 21 days the steel maker has slashed scrap purchase prices by USD 56/MT. After yesterday’s decline in domestic scrap purchase price of USD 24/MT, the steel maker has further cut scrap purchase prices today by USD 8/MT. Steelmills in China slashed domestic scrap purchase prices…