Tag: UAE: Processed scrap benchmark edges higher: mills slow scrap procurement on weaker steel demand

Major scrap buyer withdraws booking; market expects lower bid levels Muted rebar demand and tighter liquidity pressure procurement According to BigMint’s assessment, processed HMS (80:20) scrap increased by AED 12/t ($3/t) week on week to AED 1,000/t ($272/t) DAP Abu Dhabi from AED 988/t ($269/t) last week. The increase reflected firmer workable levels of around…