Tag: UAE: Domestic scrap index rises by $4/t w-o-w as slow collection exerts upward pressure

Steel mills adopt cautious stance amid tariff uncertainties UAE shredded being favoured by Pakistan for quick shipment BigMint’s UAE domestic processed HMS index inched up by AED 14/t ($4/t) w-o-w to AED 1,227/t ($334/t), with extreme heat during April and May – the hottest months on record in the UAE – slowing scrap collection and,…