Tag: UAE: Domestic scrap prices rise by $4/t w-o-w; dull activities amid bad weather and export trends

Export activity pushes up domestic prices. Bad weather disrupted domestic scrap movement. This week, scrap prices in the UAE surged by $4/tonne (AED 16/t) despite a sluggish market, partly due to recent rains and thunderstorms that disrupted domestic scrap movements in major regions, particularly Abu Dhabi and Dubai. Additionally, better export activities kept domestic scrap…