Tag: Gulf steel market
-
UAE: Domestic scrap index drops $4/t w-o-w amid slow mill inquires, ample availability
HMS processed prices fall; but premium yards price remain firm Slower bookings likely till clearer market signals emerge BigMint‘s UAE domestic processed HMS index declined by AED 14/tonne ($4/t) w-o-w to AED 1,192/t ($325/t), as local demand softened amid oversupply and weak mill procurement. Mills remain cautious due to ongoing geopolitical uncertainty and the absence…