Tag: UAE: Ferrous scrap prices remain rangebound w-o-w amid dull demand during Ramadan

This week, scrap prices in the UAE were range-bound, with a nominal hike of $1/t (AED 4/t) seen in a relatively slow market, continuing to hinder further new bookings from mills during the Ramadan month. As per a few market sources, ferrous scrap prices have seen a relatively slow movement in the past week due…