Tag: HMS scrap UAE

UAE: Domestic scrap index stable w-o-w amid comfortable supply levels

Jul 11, 2025

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by

Anshuman

in Melting Scrap

Exporters cautious amid weak South Asian demand Need-based trades seen; no aggressive restocking yet BigMint‘s UAE domestic processed HMS index remained largely stable w-o-w, inching down by AED 1/t ($0.3/t) w-o-w to AED 1,188/t ($323/t), amid ample local availability and weak demand from import destinations such as India and Pakistan. Additionally, most purchases were to…