- Location
Shagang Group
"-
China's Shagang Cuts Ferrous Scrap Buying Price
Nov 22, 2016Jiangsu Shagang Group, the largest ferrous scrap user in China, on Saturday cut its buying price of heavy melting scrap 6 millimeters and above thick of Yuan 30 to Yuan 1,770/mt, including 17% value-added tax, delivered to Zhangjiagang, ...
Tags: ferrous scrap, Steel
-
China Alumina Stable After Holidays
May 4, 2016Maanshan Iron and Steel or Magang, the largest steelmaker in eastern China's Anhui province, on Monday announced it was cutting its ferrous scrap buying price by Yuan 30/metric ton ($5/mt), a company source said. The move followed the ...
Tags: Iron, Steel, steelmaker, ferrous scrap
-
Eastern China Ferrous Scrap Stable on Rising Price
Dec 28, 2015After dropping for five consecutive weeks, ferrous scrap prices in eastern China remained stable for the second week following the recent increase in domestic rebar and seaborne iron ore prices. Platts assessed heavy melting scrap 6 mm ...
Tags: ferrous scrap, iron ore
-
Shagang, Magang Cut Ferrous Scrap Buying Prices
Nov 17, 2015Jiangsu Shagang Group, China's biggest scrap buyer, cut buying prices Saturday for the raw material by Yuan 30/mt ($5/mt), in response to a slide in rebar prices, a company source said. After the adjustment, Shagang will pay Yuan ...
Tags: Ferrous Scrap, Rebar
-
Scrap Market Activity Remained Sluggish in Eastern China with Prices Mainly Holding Steady
Jun 16, 2014Scrap market activity remained sluggish in eastern China over the week with prices mainly holding steady and unlikely to gain any upward momentum in the short term as the outlook for the finished steel market remains pessimistic, market ...
Tags: Ferrous Scrap, Heavy Scrap
-
Ferrous Scrap Market in Eastern China Remained Quiet This Week
Apr 1, 2014The ferrous scrap market in eastern China remained quiet this week, keeping in step with the rebar market's trend. Demand from steelmakers has not fully recovered as the finished steel markets have remained sluggish. Media reports that ...
-
The Ferrous Scrap Market Was Stable in Eastern China This Week
Mar 26, 2014The ferrous scrap market was stable in eastern China this week, in tandem with the finished steel and rebar futures markets, market participants said Friday. Most traders were bearish, expecting further price cuts in the short term. ...
Tags: Ferrous Scrap, Rebar, finished steel
-
East China's Ferrous Scrap Prices Fell Sharply This Week
Mar 18, 2014East China's ferrous scrap prices fell sharply this week amid weaker raw material, finished steel and steel futures markets in the first-half of the week. Platts assessed heavy scrap over 6 mm at Yuan 2,320/mt ($377/mt) on a delivered ...
Tags: Ferrous Scrap, Raw Material, Steel Markets
-
Chinese Steelmakers Cut Their Scrap Purchase Prices Steadily This Week
Mar 17, 2014Chinese steelmakers cut their scrap purchase prices steadily this week, following the downward trend in futures and steelmaking raw materials markets, led by Shagang Group, the country's largest scrap consumer in eastern China's Jiangsu ...
Tags: Steelmakers, Iron Ore, raw materials
-
Shagang Group Plans to Construct Bonded Warehouse Facilities
Feb 20, 2014Jiangsu Province-based Chinese steelmaker Shagang Group has announced that it plans to construct bonded warehouse facilities as well as shearing facilities in Jiulong Steel Logistics Park in Jiangsu. Accordingly, Shagang Group will invest ...
Tags: Shagang, steelmaker
-
Shagang Group Signed a Strategic Cooperation Agreement with Kortrijk
Dec 25, 2013Jiangsu Province-based Chinese steelmaker Shagang Group Co. (Shagang Group) has announced that it has signed a strategic cooperation agreement with Kortrijk, Belgium-based Bekaert Group, one of the world's largest steel cord and wire ...
Tags: steel, metallurgy
-
Privately Owned Shagang Group Expects to Utilize 5.5 Million Mt of Scrap This Year
Dec 9, 2013Privately owned Shagang Group, China's biggest steel scrap consumer, expects to utilize 5.5 million mt of scrap this year -- or about 15,000 mt/day -- an increase of 500,000-800,000 mt, or about 13%, from last year, a company source said ...
Tags: steel, metallurgy
-
Shagang Group Announced That Its Operating Revenue Amounted to RMB 7.96 Billion
Oct 30, 2013Jiangsu Province-based Chinese steelmaker Shagang Group announced that in the January-September period of the current year its operating revenue amounted to RMB 7.96 billion ($1.3 billion), down 11.78 percent year on year. Meanwhile, its ...
Tags: steel
-
BEIJING-Signs of more appetite in China Add to Evidence of an Economic Rebound
Sep 17, 2013BEIJING-Signs of more appetite in China for steel and other materials and equipment used in construction add to evidence of an economic rebound, but one driven by a return to ramped-up spending on infrastructure and heavy industry the ...
Tags: Steel, Metallurgy, Mineral, Energy
-
Shagang Group Issued Its Financial Results for The First Half of The Current Year
Sep 2, 2013Jiangsu Province-based Chinese steelmaker Shagang Group has recently issued its financial results for the first half of the current year. Accordingly, the company's net profit for the given period totaled RMB 8.806 million ($1.44 ...
Tags: Shagang, Significant Decline