Tag: UAE: Domestic scrap index remains stable w-o-w; major mill maintains rebar offers amid moderate steel demand

The UAE’s domestic scrap index remains largely stable w-o-w with minor fluctuations in the mid-week amid limited inquiries from mills and comparatively better export inquiries from Asian countries like Pakistan and India. As per a major trading house, there is a noticeable gap between mill prices and market prices for scrap in the UAE. For…