Tag: UAE fabrication scrap
-
UAE: BigMint’s scrap index falls by $3/t w-o-w as domestic demand softens
Abu Dhabi suppliers cut prices as buying slows down Need-based booking of UAE parcels by Pakistani mills supports prices UAE’s domestic processed HMS index declined by AED 10/tonne (t) ($3/t) w-o-w to AED 1,150/t ($313/t), as per BigMint’s assessment. Local market sentiment remains subdued due to persistent oversupply, while export pricing largely held steady compared…