SteelMint

Tag: high-grade HMS

  • UAE: BigMint’s scrap index falls by $3/t w-o-w

    UAE: BigMint’s scrap index falls by $3/t w-o-w

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    by

    Anshuman
    in ,

    UAE mills halt purchases amid regional oversupply Saudi’s benchmark mill cuts high-grade scrap purchase prices BigMint’s index for the UAE’s domestic processed heavy melting scrap (HMS) dropped by AED 10/t ($3/t) w-o-w to AED 1,160/t ($316/t). The UAE market is facing regional oversupply, yet export offers remain largely stable versus last week. Middle East-origin shredded…