Tag: UAE: BigMint’s scrap index slips $5/t w-o-w amid VAT-related uncertainty

Export demand mixed, Pakistan, India show resistance to UAE’s offers Some UAE sellers intend to stay on sidelines until new tax system kicks in UAE’s scrap prices dropped w-o-w on 7 January during the first week of 2026 due to muted trade during the year-end. The processed heavy melting scrap (HMS) index fell AED 18/t…