Shagang Steel

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Eastern China’s largest private ferrous scrap consumer and EAF steelmaker- Shagang Jiangsu Steel group has announced its first price cut in its scrap purchase price, after a gap of over 2 months since the last price revision on 9th Dec’19. For all major grades of domestic scrap, the company has lowered its purchase price by RMB 30/MT (USD 4) effective from today, 27th Feb’20
News ID: 8566    Publish Date : 2020/02/27

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced its 2nd price lowering in a week, cutting down its bids by RMB 30/MT (USD 4) for all grades of domestic steel scrap procurement, with the new prices effective from today, 29th Nov’19.
News ID: 7963    Publish Date : 2019/11/29

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced a price hike for all grades of domestic steel scrap procurement by a significant margin, increasing its purchase price by RMB 80/MT (USD 11) effective from today 7th November’19. The price hike comes after 3 weeks of unchanged bids by the company.
News ID: 7408    Publish Date : 2019/11/07

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced a price cut for all grades of domestic steel scrap procurement and decreased the bids by RMB 30/MT (USD 4) effective from today 14th October’19. This price cut comes after the company had hiked the purchase bids RMB 100/MT last week.
News ID: 6941    Publish Date : 2019/10/14

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced price hike for all grades of domestic steel scrap procurement by RMB 50/MT (USD 7) effective from yesterday 21st Aug'19. Notably, after witnessing successive 4 price cuts by a total RMB 160 in the first two weeks of Aug’19, the steelmaker has lifted scrap prices on environmental issues and tightening supply again.
News ID: 6196    Publish Date : 2019/08/27

After hitting almost 6 years high levels on tight scrap supply, eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced the price cut for all grades of domestic steel scrap procurement by RMB 30/MT (USD 4) effective from today 6th Aug’19.
News ID: 5861    Publish Date : 2019/08/08

Global ferrous scrap prices remained majorly rangebound on limited trades being reported. Turkey steelmakers remained totally silent, however, increasing domestic scrap prices in US and expected improvement in the Japanese scrap prices likely to pull spot scrap prices up in the coming days. Chinese scrap prices hit a record high with the recent hike announced for domestic scrap purchase by Shagang Steel .
News ID: 5767    Publish Date : 2019/08/06

As per updates received from sources, eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group likely to announce the price hike for all grades of domestic steel scrap purchase by RMB 70-100/MT (USD 10-15) effective from today (29th June’19). The specific prices shall be based on the price of 2019-F10.
News ID: 4981    Publish Date : 2019/07/02

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group likely to announce the price hike for all grades of domestic steel scrap purchase by RMB 50/MT (USD 7) effective from tomorrow (18th June’19).
News ID: 4850    Publish Date : 2019/06/20

Global ferrous scrap markets witnessed an overall mixed trend this week. Turkey witnessed price correction by USD 8-10/MT in limited trades concluded from Baltic origin. Japan's Tokyo Steel lowered domestic scrap purchase price by another JPY 500/MT.
News ID: 4749    Publish Date : 2019/06/04

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has lowered steel scrap purchase price for all grades by RMB 40/MT (USD 5.8) effective from today (15th May’19).
News ID: 4548    Publish Date : 2019/05/16

This week observed mixed trends in global scrap markets with Turkey scrap prices surprisingly jumped in recent deals while Asian scrap prices continued a downward correction. South Korean steel mills booked another 3-4 bulk cargoes from the US and Japan again this week.
News ID: 3476    Publish Date : 2019/01/29

Eastern China’s largest ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has raised steel scrap purchase prices by RMB 80/MT (USD 12) effective from yesterday.
News ID: 3405    Publish Date : 2019/01/26

Eastern China’s largest ferrous scrap consumer - Shagang Jiangsu Steel group has slashed the prices for its finish long steel products up to USD 26/MT for late November shipment
News ID: 2738    Publish Date : 2018/11/28

This week observed continuing downtrend in all major scrap markets on successively falling steel prices and fear of rising Chinese exports at declined prices.
News ID: 2727    Publish Date : 2018/11/28

Spot iron ore fines prices moved up on weekly basis, demand for pellets remained on lower side resulting in reduction in sharp decline of USD 10.5/MT in spot pellet premium.
News ID: 2520    Publish Date : 2018/11/07

This week observed more cargoes being booked by Turkish scrap importers at slightly higher prices. This pushed up global scrap offers in other Asian markets like Taiwan, India, Vietnam, Pakistan and Bangladesh.
News ID: 2220    Publish Date : 2018/09/22

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