Tag: BigMint’s UAE scrap index down $4/t w-o-w as selective buying weighs on trade

Emirates Steel lifts rebar offers after 6 months Selective scrap bookings heard from mills BigMint’s UAE domestic processed HMS index fell by AED 13/tonne (t) ($4/t) w-o-w to AED 1,222/t ($333/t) amid limited purchases by key mills. Market commentary “We expect a drop in HMS processed and shredded scrap prices this week, with HMS around…