Tag: BigMint’s UAE scrap index recovers by $3/t w-o-w; export demand slows amid minimal inquires

Wire rod demand in the UAE lifts prices by $10/t Saudi’s Hadeed reduces scrap purchase prices by up to $7/t In the UAE, domestic scrap prices dropped w-o-w as exports slowed due to flooding in Pakistan. Despite marginally higher offers by AED 10-12/t ($3/t), mills remained cautious. A major mill source indicated procurement at AED…