Tag: steel price outlook UAE
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UAE: Domestic scrap prices drop marginally w-o-w; recovery remains slow post-Eid
Scrap demand weak, post-Eid activity remains slow Billet supply tightens amid logistics disruptions The UAE scrap market remained largely quiet post-Eid, with limited fresh activity. An Abu Dhabi-based mill source said, “We are currently completing old bookings, with bids around AED 1,120/t ($305/t) for sheared HMS and AED 1,200/t ($327/t) for shredded (DAP Abu Dhabi),…