Tag: Middle East steel industry

UAE: Processed scrap prices decline amid Eid holidays; higher rebar offers support market sentiment

May 29, 2026

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by

Anshuman

in Melting Scrap

Rebar suppliers raise June offers despite easing procurement urgency Scrap demand slows amid comfortable inventories The UAE ferrous scrap market softened this week (week ending on 29 May) as trading activity slowed ahead of the Eid holidays. BigMint assessed HMS (80:20) processed scrap at AED 900/t ($270/t) DAP Abu Dhabi, down AED 10/t ($3/t) w-o-w.…