Tag: scrap market outlook UAE
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UAE: Domestic scrap index rises by $5/t w-o-w on firm demand, slow collection amid hot weather
Local supply tightens, pushing up prices Exports to Pakistan pick up, offer support BigMint’s UAE domestic processed HMS index rose by AED 20/tonne (t) ($5/t) w-o-w to AED 1,221/t ($332/t), supported by improved local demand and steady export interest. Slower scrap collection due to extreme heat also added upward pressure due to tighter local supply.…