Tag: UAE: Domestic scrap index slips $1/t w-o-w amid sluggish mill buying and billet imports gain traction

Scrap exports slow amid muted buyer inquiries  Mills show preference for select premium grades BigMint‘s UAE domestic processed HMS index edged down by AED 3/t ($1/t) w-o-w to AED 1,189/t ($324/t), as mills showed resistance toward mid- and low-grade scrap, except for select material from premium yards. Meanwhile, export activity remains subdued, with limited inquiries…