Tag: geopolitical impact scrap UAE

UAE: Domestic scrap index drops $5/t w-o-w amid geopolitical tensions, sluggish mill demand

Jun 20, 2025

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by

Anshuman

in Melting Scrap

Traders fulfil earlier bookings amid lack of inquiries Expectations of drop in steel prices cap scrap demand BigMint’s UAE domestic processed HMS index dropped by AED 18/tonne (t) ($5/t) w-o-w to AED 1,206/t ($328/t) amid nearby geopolitical unrest, followed by dull inquiries by mills. HMS 80:20 remained steady at AED 1,150-1,160/t ($313-316/t), while fabrication stood…