Tag: Strait of Hormuz logistics steel
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UAE: Scrap prices fall $5/t w-o-w; billet market firm amid supply disruptions
Scrap prices ease as buyers resist higher offers Billet prices supported by tight metallics supply Logistics constraints continue to disrupt GCC trade flows Domestic scrap prices in the UAE recorded a marginal w-o-w in the week ended 10 April, as cautious procurement by mills and traders continued to keep market bearish. BigMint assessed domestic HMS…