Tag: UAE: Ferrous scrap index drops $2/t w-o-w as buyers remain absent during holidays

AGSI expanding long-rolling capacity Spread between EU HMS CFR India and UAE HMS narrows to $18-20/t The UAE scrap market saw dull activities this week as the market remains closed due to the long holiday for Eid Al Etihad and the National Day holiday. BigMint’s bi-weekly assessment recorded a slight decline of AED 6/tonne (t)…