Tag: UAE: Domestic scrap index rises by $2/t w-o-w; mill demand remains steady ahead of Eid

UAE: Domestic scrap index rises by $2/t w-o-w; mill demand remains steady ahead of Eid

May 30, 2025

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by

Anshuman

in Melting Scrap

Limited export interest slows trade activity Recovery hinges on demand pick-up or tightening of supplies BigMint’s UAE domestic processed HMS index inched up by AED 8/tonne (t) ($2/t) w-o-w to AED 1,231/t ($335/t) amid moderate trade activities. As per sources, the UAE’s domestic scrap market is currently witnessing HMS 80:20 trading between AED 1,150- 1,160/t…