Tag: UAE: Domestic scrap prices drop by over $20/t w-o-w; market awaits ESA rebar price announcement

UAE scrap and rebar markets face price declines and uncertainty. Market awaits Emirates Steel Arkan’s price announcement. This week, domestic scrap prices in the UAE dropped sharply by $21/tonne (AED 76-80/t) amid a cautious approach from steelmakers. As per buyer sources, HMS sheared interested price levels are at AED 1,230-1,250/t, shredded at AED 1,340-1,350/t, and…