Tag: steel market outlook UAE

UAE: Scrap prices ease w-o-w; rebar demand driven by stockpiling amid uncertainty

Apr 17, 2026

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by

Anshuman

in Melting Scrap

Logistics constraints still impacting raw material availability Stockpiling by contractors supporting short-term steel demand UAE’s domestic scrap market softened in the latest trade round, with spot prices declining by AED 10-30/t ($3-8/t) w-o-w. BigMint assessed the domestic HMS processed index down by AED 2/t ($1/t) w-o-w to AED 1,028/t ($279/t) DAP Abu Dhabi. A recent…