Tag: Shagang steel scrap purchase prices

Shagang Steel in China has registered its second price drop for scrap purchase in a week’s time. The largest ferrous scrap consumer in China, Shagang Jiangsu Steel group has cut its scrap buying prices by Chinese Yuan 60/MT (USD 9.24) today (i.e. 02nd Jan). As per latest price update, Shagang is now paying RMB 2,590/MT…