Tag: Middle East steel raw materials

UAE: BigMint’s scrap index edges lower by $1/t w-o-w amid VAT-linked trading caution

Jan 16, 2026

—

by

Anshuman

in Melting Scrap

VAT pricing under RCM delayed clear trade direction Export activity remained thin with limited spot deal confirmations UAE scrap prices declined w-o-w by AED 3/t ($1/t) in the week ended 16 January, as market participants remained cautious amid uncertainty over trade direction following the first week of VAT pricing under the RCM implementation. The processed…