Tag: UAE: Domestic ferrous scrap prices decline w-o-w as buyers await clear price direction

This week, the domestic scrap market experienced a downturn, marked by multiple transactions with Pakistan and Bangladesh. The market remained subdued, mainly due to the recent imposition of new export duties on ferrous scrap exports. According to recent statistics from BigMint, the UAE, as the 40th largest steel producer, witnessed a 2% y-o-y decline, totalling…