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