Tag: GCC region steel industry
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UAE: Domestic scrap prices remain stable w-o-w; market outlook bearish amid Eid holidays
The UAE steel sector remains slow before Eid Buyers showing less interest in firm domestic scrap offers This week, the domestic scrap prices in the UAE remained stable with minor fluctuations amid slow-moving domestic and export markets influenced by Eid and weaker local steel demand. Indicative prices for the week in Abu Dhabi showed HMS…