Tag: UAE: BigMint scrap index rebounds $11/t w-o-w post-holiday pause; buying remains selective

Billet market softness limits scrap price support Trading remains quiet despite firmer assessed levels The UAE’s domestic scrap index posted a sharper rebound of AED 39/t ($11/t) from 3 December to the week ended 12 December, with processed heavy melting scrap (HMS) climbing to AED 1,161/t ($316/t) as of 10 December. Despite the price uptick,…