Tag: UAE: Domestic scrap index rises by $4/t w-o-w; benchmark mill hikes rebar prices by $14/t

UAE: Domestic scrap index rises by $4/t w-o-w; benchmark mill hikes rebar prices by $14/t

Nov 22, 2024

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by

Anshuman

in Melting Scrap

Emirates Steel’s recent rebar price revision aligns with market expectations Exports stay weak, especially to Pak, Bangladesh Prices of processed HMS (80:20) in the UAE increased by AED 15/tonne (t) ($4/t) w-o-w, as Emirates Steel (part of EMSTEEL group), a key mill, hiked its list prices for rebars by AED 50/t ($14/t) for December sales.…