Tag: MENA steel
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UAE: Tight scrap availability, billet shortages support prices even as mill bookings remain selective
Asian billet discounts remain largely inaccessible to UAE buyers Weak downstream demand caps further scrap price gains UAE’s domestic scrap market remained selective w-o-w, with limited inquiries from mills. Processed HMS prices edged higher as tight scrap availability and persistent billet shortages supported replacement costs. BigMint assessed processed HMS at AED 982/t ($267/t) DAP Abu…