Tag: construction demand steel

UAE ferrous scrap index drops AED 15/t ($4/t) w-o-w as pre-holiday stockpiles weigh on demand

Dec 27, 2024

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by

Adarsh Ramteke

in Melting Scrap

UAE export market slow amid Bangla LC issue, liquidity crunch in Pak Local UAE mills raise rebar offers on rise in consumption The UAE’s domestic ferrous scrap index decreased by AED 15/tonne (t) ($4/t) w-o-w. This price drop was driven by yard maintenance and sufficient year-end stock, resulting in no new orders being placed before…