Tag: UAE: Domestic ferrous scrap index rises by $6/t w-o-w; pressure on market amid dull scrap demand

The UAE domestic scrap index rose by AED 21/tonne ($6/t) w-o-w, reflecting a slight improvement in price levels. However, domestic scrap demand remained limited, with only need-based procurements taking place as major mills limit their sourcing due to ample scrap inventories. BigMint’s bi-weekly assessment revealed a nominal rise in HMS (80:20) processed scrap prices, which…