Tag: UAE HRC market

UAE: Domestic ferrous scrap index gains $4/t w-o-w on improved buying before Ramadan

Feb 14, 2025

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by

Adarsh Ramteke

in Melting Scrap

Domestic demand for ferrous scrap holds firm Export tags stay range-bound amid tax troubles The UAE’s domestic ferrous scrap index increased slightly by AED 16/tonne (t) ($4/t) w-o-w amid improved buying activity before the Ramadan holidays. BigMint’s benchmark assessment for HMS (80:20) processed scrap was at AED 1,217/t ($331/t), reflecting an AED 16/t ($4/t) increase…