Tag: steel market UAE

UAE: Ferrous scrap index rises by $5/t w-o-w; mills remain cautious about end-user demand

Jan 10, 2025

—

by

Anshuman

in Melting Scrap

Scrap suppliers expect fresh orders from mid-Jan’25 Bangladeshi buyers show interest as LC openings ease The UAE’s domestic ferrous scrap index increased by AED 20/t ($5/t), with some fresh trades heard over the past few days. However, local scrap trading activity in the UAE remained slow, as suppliers waited for new orders, expected in mid-January.…