Shagang articles & resources on Made-in-China.com

China's Shagang Cuts Ferrous Scrap Buying Price

Nov 22, 2016

Jiangsu 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, 2016

Maanshan 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, 2015

After 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, 2015

Jiangsu 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

Shagang Co. Has Stated That in The First Half of The Current Year

Aug 28, 2014

Jiangsu Province-based Chinese steelmaker Shagang Co. has stated that in the first half of the current year it achieved an operating revenue of RMB 5.302 billion ($0.86 billion), up 2.75 percent year on year, while it recorded a net profit ...

Tags: Shagang, Profit, Energy

Scrap Market Activity Remained Sluggish in Eastern China with Prices Mainly Holding Steady

Jun 16, 2014

Scrap 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

Shagang Iron and Steel Co. Will Issue Its First Set of Short-Term Bonds

May 7, 2014

Jiangsu Province-based Chinese steelmaker Shagang Iron and Steel Co. has announced that it will issue its first set of short-term bonds in the current year on May 8, worth a total of RMB 2 billion ($326 million), for a term of 365 days. ...

Tags: steelmaker, Iron, Steel

Ferrous Scrap Market in Eastern China Remained Quiet This Week

Apr 1, 2014

The 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 ...

Tags: Ferrous Scrap, Ferrous Scrap Market, scrap consumer

The Ferrous Scrap Market Was Stable in Eastern China This Week

Mar 26, 2014

The 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, 2014

East 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, 2014

Chinese 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 Iron and Steel Co. Ecorded an Operating Revenue of RMB 10.7 Billion

Feb 28, 2014

Jiangsu Province-based Chinese steelmaker Shagang Iron and Steel Co. has announced that in 2013 it recorded an operating revenue of RMB 10.7 billion ($1.75 billion), down 11.56 percent, while it achieved a net profit of RMB 26.2524 million ...

Tags: Shagang, net profit, reducing costs and revising product structure

Shagang Group Plans to Construct Bonded Warehouse Facilities

Feb 20, 2014

Jiangsu 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, 2013

Jiangsu 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

Chinese Shagang Announced to Cut Its Rebar Ex-Work Prices by RMB50/Ton for Deliveries

Dec 25, 2013

It’s reported that the Chinese steelmaker Shagang announced to cut its rebar ex-work prices by RMB50/ton for deliveries during December 21-31. After the adjustment, Shangang’s ex-work prices for HRB400 rebar with diameters of ...

Tags: steel, metallurgy

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