Tag: UAE scrap inventory
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UAE: Domestic scrap index inches down w-o-w amid moderate market activities
Buyers hold off on fresh bookings amid high inventories UAE exporters stay active amid steady overseas demand BigMint’s UAE domestic processed HMS index dipped by AED 4/tonne (t) ($1/t) w-o-w to AED 1,223/t ($333/t), amid moderate trade activities. Overall, the market was slow with a tight scrap supply. However, most buyers stayed on the sidelines…