Tag: UAE ferrous scrap index remains range-bound as buyers remain muted during holidays

UAE ferrous scrap index remains range-bound as buyers remain muted during holidays

Jan 3, 2025

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by

Anshuman

in Melting Scrap

Spread between European and UAE HMS (80:20) remains stable at $37-38/t Export offers to Qasim for HMS, shredded and fabrication scrap stable The UAE’s domestic ferrous scrap index remained range-bound, with no fresh trades heard over the past few days due to the New Year holidays. Major trading houses and suppliers are on break this…