Tag: UAE: BigMint’s Scrap Index edges lower $1/t w-o-w amid VAT-linked trading caution

VAT pricing under RCM delayed clear trade direction Export activity remained thin with limited spot deal confirmations UAE scrap prices declined w-o-w by AED 3/t ($1/t) in the week ended 16 January, as market participants remained cautious amid uncertainty over trade direction following the first week of VAT pricing under the RCM implementation. The processed…