Tag: Chinese billet UAE
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UAE: Domestic scrap prices rise w-o-w amid stronger demand, export policy uncertainty
UAE considering introduction of temporary 4-month export restriction Billet demand remains firm across the GCC despite logistical challenges UAE domestic ferrous scrap prices strengthened during the week ended on 19 June, supported by steady demand from steelmakers and growing discussions around a potential temporary scrap export restriction. BigMint assessed HMS (80:20) processed scrap at AED…