Tag: UAE scrap offers

Low capacity utilisation, limited projects affect mill operations Policy rate cut expected to ease liquidity pressure Shredded scrap from the UK/Europe was offered at $390-395/t CFR, marking a $7-8/t increase w-o-w. Some bookings were heard at $388-390/t, with bids received at varying levels. Sales were sporadic, with buyers opting for selective restocking where essential, but…