Tag: BigMint’s UAE scrap index falls by $5/t w-o-w as weak exports pressure local prices

UAE shredded offered at $390/t, bids at $380-382/t CFR Qasim Egypt imposes 16.2% safeguard duty on billet imports Scrap prices in the UAE continue to soften, with expectations that export weakness will soon filter into domestic offers. BigMint‘s UAE domestic processed HMS index dropped by AED 18/tonne (t) ($5/t) w-o-w to AED 1,203/t ($328/t) Market…