Tag: UAE: Domestic ferrous scrap index hits 6-month low; firm price outlook after ESA rebar price hike

This week, the UAE domestic scrap market continued its downtrend, with prices dropping by AED 45/tonne ($12/t), reaching levels not seen since 18 March 2024–a six-month low. This decline reflects a weak market with no significant demand. BigMint’s bi-weekly assessment showed a notable decrease in HMS (80:20) processed scrap prices, which fell to AED 1,220/t…