SteelMint

Tag: HMS scrap Dubai

  • BigMint’s UAE scrap index drops $4/t w-o-w on weak domestic demand

    BigMint’s UAE scrap index drops $4/t w-o-w on weak domestic demand

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    by

    Neha TU
    in

    Domestic market dips despite export-driven momentum Export inquiries from Pakistan remain steady BigMint’s UAE domestic processed HMS index fell by AED 16/tonne (t) ($4/t) w-o-w to AED 1,205/t ($328/t), driven by sluggish local demand and limited purchases from key mills. Market commentary Domestic prices have inched up recently, with premium yards quoting around AED 1,220-1,230/t…