Tag: Middle East HRC market
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UAE’s scrap index witnesses $2/t uptick w-o-w even as some domestic mills go slow on purchases
Mills remain selective, focusing on cost-effective sourcing China’s post-holiday return may disrupt steel market stability The UAE’s domestic ferrous scrap index increased slightly by AED 8/t ($2/t) w-o-w, Activities are slow as not many buyers are active in the market. BigMint’s benchmark assessment for HMS (80:20) processed scrap was priced at AED 1,201/t ($327/t), reflecting…