Tag: processed HMS spread UAE India

UAE: Domestic scrap index edges up $1/t w-o-w amid firm supplier offers

May 2, 2025

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by

Anshuman

in Melting Scrap

Suppliers less interested due to recent price drops Local demand weakens, mill-side inquiries down The UAE’s domestic scrap prices witnessed a range-bound trend w-o-w amid continued slow inquiries from mills on weakening local demand. BigMint’s domestic HMS processed scrap index inched up by AED 3/t ($1/t) w-o-w to AED 1,203/t ($328/t), primarily as suppliers kept…