Tag: BigMint’s UAE scrap index inches down by $1/t w-o-w as domestic and export demand weakens

Hadeed’s rebar price cuts narrow gap between top and smaller Saudi mills UAE rebar market stable; post-summer demand expected to improve BigMint’s UAE domestic processed HMS index slipped AED 5/t ($1.5/t) w-o-w to AED 1,196/t ($326/t). Local scrap prices eased by AED 5-10/t ($1-3/t) for some grades as export activity slowed and bookings by Pakistan…