Tag: Ramadan market slowdown
-
UAE: Domestic scrap index drops $8/t w-o-w; major mill rolls over rebar prices for Feb’25 production
Limited buying activity, weak export market results in price drop EMsteel rebar prices stable for Feb’25 deliveries on firm demand The UAE domestic ferrous scrap index declined by AED 32/t ($8/t) w-o-w. The domestic scrap market in the UAE has entered a sluggish phase, with prices witnessing a slight drop. Demand from major buyers remained…