Tag: scrap demand UAE
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UAE: Ferrous scrap index gains $3/t w-o-w; export market remains moderately active
The UAE domestic scrap index rose by AED 9/t ($3/t) w-o-w, reflecting a slight improvement in domestic demand. However, construction activity remains sluggish and demand from key scrap-importing countries remained moderate. Domestic scrap demand is currently limited, with only essential purchases occurring, and major mills actively sourcing material. According to BigMint’s bi-weekly assessment, market prices…