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Shagang cuts scrap buying prices for 3rd time this month

Gangya Metal409 people have read

The mill, headquartered in Zhangjiagang, East China's Jiangsu, has actually reduced its scrap getting rates by an overall of Yuan 180-200/ t considering that October 12 and is now paying Yuan 2,910-2,970/ t for domestically-produced HMS quality steel scrap consisting of both distribution and also the barrel, according to the company's latest statement. Shagang's brand-new plan saw

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Shagang Group (Shagang), China's leading electric-arc-furnace (EAF) steelmaker, has cut its steel scrap procurement for the third time this month, clipping another Yuan 50/tonne ($6.5/t) off all grades of scrap sup

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