Tag: UAE: Domestic scrap index rises $4/t w-o-w; will secondary rebar preference among end-users affect primary mills?

This week, domestic scrap demand is not so great, and only need-based buying is happening in the market and the big mills are procuring. The steel segment not doing well. Overall, workable market prices have come down for scrap in the domestic market and remain at AED 1330-1340/t (around AED 25-30/t lesser than the major…