Tag: billet certification impact.
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UAE: Weak domestic sales keep scrap market largely rangebound w-o-w
New billet certification regulation aims to reduce uncertified imports Spread between UAE and imported HMS narrows to $18-20/t The UAE’s domestic ferrous scrap market witnessed a range-bound trend in prices, increasing slightly by by AED 6/t ($2/t), with some limited trades heard over the past few days. Market insiders informed that amid reduced export activity…