Shagang adds $8/t onto scrap buying, 2nd time in Apr
Shagang Group (Shagang), China's leading electric-arc-furnace (EAF) steelmaker, has decided to raise its steel scrap procurement price again on April 7, or the second time so far in April by another Yuan 50/tonne ($8/t), so as to stop scrap deliveries from ever declining, market sources shared Thursday.