Tag: UAE: Domestic ferrous scrap index continues to rise w-o-w following global cues

UAE mills show mixed interest; domestic scrap to rise further. HMS (80:20) DAP Abu Dhabi spread with CFR India tightens to $30/t. The UAE’s domestic scrap index rose by AED 28/tonne ($8/t) w-o-w driven by a global bullish trend that continues to influence both domestic and export scrap prices in the UAE. Some mills showed…