Tag: Gulf scrap trade disruption
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UAE: Domestic scrap index rises amid Gulf tensions, export trade slows on logistics uncertainty
Logistical disruptions tighten Middle East scrap flows Rebar demand remains cautious amid no immediate demand BigMint’s UAE domestic ferrous scrap index increased by AED 31/t ($8/t) w-o-w to AED 1,246/t ($339/t) on 4 March, as cautious trading activity emerged amid disruptions linked to ongoing Gulf tensions. Scrap flows within the Middle East tightened over the…