Tag: UAE: Domestic scrap index uptrend continues

UAE: Domestic scrap index uptrend continues, rises $7/t w-o-w amid strong rebar demand

Nov 15, 2024

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by

Anshuman

in Melting Scrap

Domestic shredded scrap demand weakens UAE export offers persist amid surplus Prices of processed HMS (80:20) scrap in the UAE have gone up, as demand from key export markets like India and Pakistan has been strengthening recently. As per a Sharjah-based supplier, HMS processed was offered at AED 1,260-1,270/t ($343-346/t), but shredded scrap demand dropped…