Tag: Middle East crude steel production
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UAE: Domestic ferrous scrap index remain largely stable w-o-w on limited trade
BigMint’s UAE domestic ferrous scrap index remained largely stable w-o-w with a marginal drop of AED 2/tonne (t) ($1/t), reflecting a slow market. Additionally, prices have continued to remain at their lowest levels since the past two weeks. BigMint’s bi-weekly assessment showed a w-o-w decline in HMS (80:20) processed scrap prices to AED 1,225/t ($333/t)…