Tag: UAE: Domestic ferrous scrap index dips $1/t w-o-w amid Eid-led market slowdown

The UAE’s domestic scrap market remained subdued due to a general market slowdown amid the Eid holidays. BigMint’s domestic processed HMS index edged down by AED 3/t ($1/t) w-o-w to AED 1,190/t ($324/t). According to market participants, workable levels for processed HMS 80:20 were at around AED 1,180-1,190/t ($321-324/t), with limited trade activity from major…