Tag: UAE: Domestic ferrous scrap index rises $2/t w-o-w; moderate activities seen in export market

The UAE’s domestic scrap index rose by AED 8/tonne ($2/t) w-o-w, reflecting a stagnant market trend amid minimal trades. However, a few mills showed interest with inquiries after a long pause and limited bookings. BigMint’s bi-weekly assessment revealed a nominal rise in HMS (80:20) processed scrap prices, which stood at AED 1,249/t ($340/t), DAP Abu…