Tag: UAE HMS 80:20

UAE: Domestic scrap index slips $1/t w-o-w amid sluggish mill buying; billet imports gain traction

Jul 4, 2025

—

by

Anshuman

in Melting Scrap

Scrap exports slow amid muted buyer inquiries Mills show preference for select premium grades BigMint‘s UAE domestic processed HMS index edged down by AED 3/t ($1/t) w-o-w to AED 1,189/t ($324/t), as mills showed resistance toward mid- and low-grade scrap, except for select material from premium yards. Meanwhile, export activity remains subdued, with limited inquiries…