Tag: UAE: BigMint’s scrap index rebounds by $8/t w-o-w on firm export demand

Steady demand from Pakistan prompts firm offers Domestic mills exercise caution on tepid finished steel sales BigMint’s UAE domestic processed HMS index rebounded by AED 30/tonne (t) ($8/t) w-o-w to AED 1,235/t ($336/t), driven by rising export demand and despite limited purchases from key mills. Market commentary The UAE scrap market remained divided. On the…