Tag: UAE: Domestic scrap index rises by $5/t w-o-w on firm demand

Local supply tightens, pushing up prices Exports to Pakistan pick up, offer support BigMint’s UAE domestic processed HMS index rose by AED 20/tonne (t) ($5/t) w-o-w to AED 1,221/t ($332/t), supported by improved local demand and steady export interest. Slower scrap collection due to extreme heat also added upward pressure due to tighter local supply.…