Tag: UAE: Domestic scrap index drops $4/t w-o-w on weak inquiries from mills

UAE: Domestic scrap index drops $4/t w-o-w on weak inquiries from mills

Apr 25, 2025

—

by

Anshuman

in Melting Scrap

Export market remains slow, minor bookings heard Market stability expected with Emirates’ rebar price rollover The UAE’s domestic scrap prices witnessed a downtrend w-o-w amid limited inquiries from mills on weakening local demand. BigMint’s domestic HMS processed scrap index inched down by AED 14/t ($4/t) w-o-w to AED 1,200/t ($327/t). As per industry insiders, LMS…