Tag: UAE: Domestic ferrous scrap prices drop over $10/t w-o-w amid uncertain outlook

This week, UAE domestic scrap prices continued to witness a decline with minimal activity following an uncertain week post-export duties imposition on ferrous scrap exports. BigMint’s bi-weekly assessment reported a sharp decline of AED 42/tonne ($11/t) for HMS (80:20) processed scrap, maintaining the price at AED 1,228/t ($334/t) on DAP Abu Dhabi. The imposition of…