Tag: Diwali market slowdown

BigMint’s UAE scrap index remains stable w-o-w; muted exports put pressure on prices

Oct 17, 2025

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by

Anshuman

in Melting Scrap

Mills may limit purchases, slowing market momentum Chinese billet heard sold at $465/t CFR UAE BigMint’s UAE domestic processed HMS index edged up AED 1/t ($0.3/t) w-o-w to AED 1,186/t ($323/t). Domestic scrap prices remained largely stable, trading within AED 1,185-1,195/t ($323-325/t) amid weak export demand and a slowdown in domestic buying. Market comments An…