Tag: Sohar Port steel trade
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UAE: Scrap market activity steadies as export disruptions boost domestic availability
Strait of Hormuz closure slows exports, improving domestic scrap availability UAE-Oman logistics integration expected to strengthen regional steel trade The UAE ferrous scrap market largely stabilised in the week ended 5 Jun’26 as supply and demand moved into balance following a sharp slowdown in export activity. Despite the softer export environment, domestic prices remained firm.…