Tag: UAE: Domestic scrap prices increase by $7/t w-o-w

Domestic scrap prices in the UAE increased by $7/t (AED 26/t) this week despite a slow-moving market. According to BigMint’s bi-weekly assessment, HMS (80:20) processed grade rose to AED 1,330-1,333/t ($362-363/t) DAP Abu Dhabi. Buyers are hesitating to place bids, expecting more reasonable supplier prices. Some mills are targeting lower scrap prices, aiming for AED…