Tag: UAE: Local scrap gains $3/t w-o-w despite weak steel demand; Emirates Steel rolls over rebar offers for Sep’26

Suppliers keep scrap offers firm even as mills buy selectively Post-summer rebar demand remains crucial for stronger scrap buying BigMint assessed processed HMS 80:20 at AED 1,006/t ($274/t) DAP Abu Dhabi, up AED 10/t ($3/t) w-o-w. The firmness in local scrap prices was supported by firm replacement economics and steady supplier offers, despite weak underlying…