Tag: UAE: Domestic scrap prices fluctuate w-o-w amid upcoming Eid holidays

This week, scrap prices in the UAE witnessed a mere $1/t (AED 5/t) drop overall, with a relatively slow market movement seen because of the ongoing Ramadan week and upcoming Eid festival. This slowdown is due to the traditional dip in business activity during the holy month of Ramadan and the slow steel market. Despite…