Tag: UAE Domestic ferrous scrap market
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UAE: Domestic ferrous scrap prices largely stable w-o-w; sluggish scrap demand weighs on fresh trades
This week, domestic scrap prices in the UAE remained slightly upward as the markets for the same was sluggish with nominal deals seen from steel mills amid ample inventory levels. Prices were more or less stable, rising a marginal AED 3/t ($1/t). BigMint’s bi-weekly assessment shows an increase of AED 3/t ($1/t) for HMS (80:20)…