Tag: Dubai scrap market
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UAE: Domestic scrap prices drop by $25/t w-o-w to record lows as weak exports drag sentiment
Mills largely on sidelines; buying strictly need-based Rising freight, handling costs tightening mill margins The UAE scrap market continued to face pressure in the last week of March, with prices softening to record lows as export demand remained weak. Market sentiment stayed subdued, with mills showing limited interest in fresh bookings amid ongoing uncertainty, including…