Tag: steel mills restock

BigMint: UAE domestic ferrous scrap index falls to 10-month low on limited inquiries from mills

Dec 13, 2024

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by

Anshuman

in Melting Scrap

Local rebar prices decline as producers reduce inventories Weak global market impacts UAE scrap prices Domestic ferrous scrap prices in the UAE continued to decline, dropping AED 44/t ($12/t) w-o-w, driven by dull global fundamentals and sluggish purchasing activity by domestic mills. Demand for HMS processed scrap in the UAE has remained weak in recent…