Tag: The UAE: Domestic scrap prices down by $2/t w-o-w; buyers await clear market direction

This week, scrap prices in the UAE witnessed a slight drop along with relatively dull market activity after gaining some momentum last week. The downtrend was majorly influenced by drop in the Turkish market. However, deal prices remained in the range of AED 1,200-1,220/t ($327-332/t) for HMS (80:20) processed on a DAP basis. Overall, buyers…