Tag: UAE: Domestic ferrous scrap prices remain firm w-o-w; mills expect corrections in Aug’26

Weak steel demand, continued scrap export ban weigh on prices Emirates Steel rolls over Aug rebar prices amid slow order inflows The UAE’s domestic ferrous scrap market remained largely stable during the week ended 24 July, although market participants increasingly expect a price correction from 1 August 2026, as improving domestic scrap availability, subdued steel…