Tag: Middle East steel outlook
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UAE: Domestic scrap prices rise $3/t w-o-w; Emirates Steel keeps May rebar offers steady
Geopolitical tensions, logistical constraints tighten scrap supply Limited cost pass-through squeezes mill margins, curbs scrap demand Domestic scrap prices in the UAE increased by AED 10/t ($3/t) w-o-w, with HMS processed scrap assessed at AED 1,038-1,040/t ($283/t), supported by tightening supply conditions. Disruptions linked to regional geopolitical tensions, coupled with logistical constraints at Jebel Ali…