Tag: Ramadan impact on steel

UAE: Ferrous scrap index dips w-o-w as Ramadan slows down market activity; EMSTEEL holds rebar prices

Feb 28, 2025

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by

Neha TU

in HRC, Melting Scrap, Rebar

UAE mills file petition over illegal scrap exports to India Saudi Hadeed cuts rebar tags on slow finished demand The UAE’s domestic ferrous scrap index declined by AED 17/tonne (t) ($5/t) w-o-w, as market activity slowed with the onset of the Ramadan season, a period typically marked by sluggish demand. Meanwhile, UAE’s benchmark mill, EMSTEEL,…