Tag: UAE: Ferrous scrap prices drop over $15/t w-o-w on sluggish trade

This week, the UAE’s domestic scrap prices continued to witness a further decline with sluggish activity following which suppliers faced a downward price trend from mills post-duty imposition on ferrous scrap exports. As per a few supplier-side sources, currently, no one is paying export duty, and it has to go below AED 1,000/t. Currently, price…