Domestic scrap prices in the UAE increased by $7/t (AED 26/t) this week despite a slow-moving market.
- According to BigMint’s bi-weekly assessment, HMS (80:20) processed grade rose to AED 1,330-1,333/t ($362-363/t) DAP Abu Dhabi.
- Buyers are hesitating to place bids, expecting more reasonable supplier prices. Some mills are targeting lower scrap prices, aiming for AED 1,250-1,260/t, even as rebar prices for May remain stable.