Tag: UAE: BigMint’s scrap index falls by $5/t w-o-w as export demand softens

Any mill-side price hike requires stronger construction-led rebar demand Soft export demand keeps local scrap under downward pressure UAE’s domestic processed HMS index declined by AED 19/tonne (t) ($5/t) w-o-w to AED 1,131/t ($308/t), as per BigMint’s assessment on 19 November. Two major mills have started issuing fresh purchase orders this week, but overall sentiment…