Tag: steel mill bids
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UAE: Domestic ferrous scrap index drops by $8/t w-o-w as trade activity softens
Market slow despite Emirates Steel’s rebar price hike UAE National Day holiday break to reduce trade The UAE scrap market saw limited activity this week, with some mills stopping purchases and others lowering their procurement prices. BigMint’s bi-weekly assessment recorded a sharp decline of AED 31/tonne (t) ($8/t) w-o-w in HMS (80:20) processed tags, which…