Tag: Eid holidays impact UAE steel

UAE: Domestic scrap index stable w-o-w ahead of Eid; mills active in rebar sales

Jun 6, 2025

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by

Anshuman

in Melting Scrap

Rebar sellers offer flexible pricing to close pre-holiday deals Limited trading ahead of Eid; suppliers fulfilling old orders BigMint’s UAE domestic processed HMS index remained largely stable w-o-w at AED 1,230-1232/t ($335/t) amid slow trading during the Eid holidays. Activity was limited, keeping major scrap grades’ prices largely unchanged. As per sources, HMS 80:20 is…