Tag: UAE: Ferrous scrap prices rise $7/t w-o-w amid active export activities

This week, domestic scrap prices in the UAE remained slightly higher as export markets were active with frequent deals seen into Bangladesh and Pakistan. According to a representative of a major trading house, local supply conditions have improved with mills maintaining steady purchases. Unprocessed HMS (80:20) was offered at AED 1,330-1,340/t while processed varieties were…