Shagang cuts scrap price by $5/t on supply abundancy

Jiangsu Shagang Group (Shagang), China's largest EAF mill headquartered in Zhangjiagang city, East China's Jiangsu province, cut its scrap procurement price for the second time in five days by another Yuan 30/tonne ($4.7/t) on March 14, according to the company's official statement.

Jiangsu Shagang Group (Shagang), China’s largest EAF mill headquartered in Zhangjiagang city, East China’s Jiangsu province, cut its scrap procurement price for the second time in five days by another Yuan 30/tonne ($4.7/t) on March 14, according to the company’s official statement.With the latest price adjustment, Shagang is paying