Tag: UAE: BigMint’s scrap index falls to multi-year low on selective bookings and weak export demand

Stable construction activity limits any upward rebar movement Export bids are weak, keeping UAE scrap under mild pressure UAE domestic processed HMS prices fell sharply by AED 67/t ($18/t) m-o-m to AED 1,124/t ($306/t) on 26 Nov’25, mirroring a w-o-w drop of AED 7/t ($2/t) from last Wednesday (19 Nov’25) amid weak export activity and…