Tag: Scrap outlook
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UAE: Processed ferrous scrap prices fall $3/t w-o-w amid continued weak buying interest
Ample scrap availability keeps buyers on the sidelines Weak construction demand weighs on steel market sentiment The UAE’s processed ferrous scrap market remained under pressure during the week ended 9 July, as comfortable scrap availability and subdued buying interest continued to weigh on prices. Weak downstream steel demand and expectations of further price corrections following…