Tag: UAE ferrous scrap index

UAE: Domestic scrap index rises amid Gulf tensions, export trade slows on logistics uncertainty

Mar 6, 2026

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by

Anshuman

in Melting Scrap

Logistical disruptions tighten Middle East scrap flows Rebar demand remains cautious amid no immediate demand BigMint’s UAE domestic ferrous scrap index increased by AED 31/t ($8/t) w-o-w to AED 1,246/t ($339/t) on 4 March, as cautious trading activity emerged amid disruptions linked to ongoing Gulf tensions. Scrap flows within the Middle East tightened over the…