Tag: Ramadan steel market impact

UAE: Ferrous scrap index inches up by $1/t w-o-w; rebar tags fall amid Ramadan slowdown

Mar 7, 2025

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by

Anshuman

in Melting Scrap

Saudi flat steel prices drop as demand weakens Market restocking likely to happen after Ramadan The UAE’s domestic ferrous scrap index edged up by AED 4/t ($1/t) w-o-w, with prices rising early in the week before a mid-week dip. Trades were reported at AED 1,220/t, but market activity slowed with the onset of Ramadan. BigMint‘s…