Tag: global price pressure
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UAE: Domestic scrap index sees range-bound trend w-o-w amid limited inquiries
Traders expect further softening due to global pressure EMSteel maintains stable rebar prices for May sales The UAE’s domestic scrap prices remained range-bound w-o-w amid limited trades and inquiries. BigMint’s domestic HMS processed scrap index inched down by AED 2/t ($1/t) w-o-w to AED 1,214/t ($331/t). As per industry insiders, scrap prices in the UAE…