Tag: UAE: Domestic ferrous scrap prices drop over $15/t w-o-w post-export duty imposition

This week, the UAE domestic scrap market witnessed a notable decline, with uncertainty prevailing amid the imposition of export duties on ferrous scrap exports. In a knee-jerk reaction, domestic scrap prices fell over $15/tonne (t). A representative from a major mill said, “There has been minimal purchasing activity this week, although prices for processed HMS…