Tag: UAE: Domestic ferrous scrap index rises by $8/t w-o-w amid increase in rebar demand

The UAE’s domestic scrap index rose by AED 29/tonne ($8/t) w-o-w, as major domestic steel mills continued to purchase scrap at higher prices, anticipating better rebar demand in the coming days. However, some mills showed mixed interest in the rising price trends, with moderate inquiries. BigMint’s bi-weekly assessment recorded a sharp increase in HMS (80:20)…