Tag: UAE: Ferrous scrap prices fall by over $5/t w-o-w; market turning active post-Eid

The domestic ferrous scrap market in the UAE witnessed a declining trend as prices stood at AED 1,310-1,330/t (357-362/t) for HMS (80:20) processed and AED 1420-1430/t for shredded due to mills soft-pedaling on operations during the Eid week. As per market participants, the market’s direction will become clearer next Monday after the holiday period. A…