Eastern China mills lower scrap buying prices again

摘要

Mills in eastern China loweredscrap buying prices again Wednesday, asdomestic rebar and seaborne iron ore pricesfell further, sources said.Jiangsu Shagang Group, the biggest scrapconsumer in China, Wednesday announced itwas reducing its buying price by Yuan 30/mt($5/mt) with immediate effect, after a drop ofYuan 20/mt Monday, a company source said.