Tag: billet shortage Saudi Arabia

UAE scrap prices gain $2/t as market sentiment firms prior to lifting of export ban in Oct’26

Sep 18, 2026

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by

Anshuman

in Melting Scrap

UAE rebar market turns cash-driven amid tighter liquidity Saudi scrap prices decline, tight billet supply supports markets BigMint assessed processed HMS 80:20 at AED 1,021/t ($278/t), up by AED 6/t ($2/t) w-o-w. Workable HMS processed levels remained at AED 1,020-1,025/t ($278-279/t) DAP Abu Dhabi. A regular supplier to Emirates and AGSI said buying activity has…