Tag: ferrous scrap export demand

UAE: Domestic ferrous scrap index remain largely stable w-o-w on limited trade

Sep 27, 2024

—

by

Neha TU

in CRC, Crude Steel, HRC, Melting Scrap, Rebar

BigMint’s UAE domestic ferrous scrap index remained largely stable w-o-w with a marginal drop of AED 2/tonne (t) ($1/t), reflecting a slow market. Additionally, prices have continued to remain at their lowest levels since the past two weeks. BigMint’s bi-weekly assessment showed a w-o-w decline in HMS (80:20) processed scrap prices to AED 1,225/t ($333/t)…