Tag: Iranian billet supply

BigMint’s UAE ferrous scrap index inches up by $2/t w-o-w amid improved domestic rebar demand

Mar 21, 2025

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by

Anshuman

in Melting Scrap

Mills may raise scrap purchase prices amid rising rebar demand UAE exports bearish amid weak South Asian buying interest BigMint’s UAE ferrous scrap index has edged up by AED 5/t ($2/t) w-o-w, after an initial rise of AED 11/t ($3/t) followed by a mid-week dip of AED 6/t ($2/t), amid limited buying interest from some…