Tag: rebar market outlook UAE

UAE: Domestic ferrous scrap index drops by $8/t w-o-w amid weak demand

Oct 25, 2024

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by

Anshuman

in Melting Scrap

Indian, Turkish markets slow down, impact UAE Export market also witnesses sluggish activity UAE’s domestic ferrous scrap index witnessed a sharp decline of $8/tonne (AED 30/t) w-o-w, primarily due to weaker domestic purchase activities. Market sources said that trading activity was slow this week, with only selective deals by major mills. A UAE-based supplier said,…