Tag: UAE: Domestic scrap index rise by $2/t w-o-w amid rise in export demand from key regions

UAE: Domestic scrap index rise by $2/t w-o-w amid rise in export demand from key regions

Jul 18, 2025

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by

Anshuman

in Melting Scrap

UAE billet buyers resist higher offers, prefer $450/t range Pakistani restocking strengthens UAE scrap export prices BigMint‘s UAE domestic processed HMS index increased by AED 9/t ($2/t) w-o-w to AED 1,197/t ($326/t) supported by robust demand from Pakistan. Active restocking by Pakistani mills kept CFR Qasim levels for UAE-origin scrap high and encouraged local suppliers…