Tag: UAE: Domestic scrap index rises amid Gulf tensions and export trade slows on logistics uncertainty

Logistical disruptions tighten Middle East scrap flows Rebar demand remains cautious amid no immediate demand BigMint’s UAE domestic ferrous scrap index increased by AED 31/t ($8/t) w-o-w to AED 1,246/t ($339/t) on 4 March, as cautious trading activity emerged amid disruptions linked to ongoing Gulf tensions. Scrap flows within the Middle East tightened over the…