Tag: UAE: Scrap prices ease w-o-w; rebar demand driven by stockpiling amid uncertainty

Logistics constraints still impacting raw material availability Stockpiling by contractors supporting short-term steel demand UAE’s domestic scrap market softened in the latest trade round, with spot prices declining by AED 10-30/t ($3-8/t) w-o-w. BigMint assessed the domestic HMS processed index down by AED 2/t ($1/t) w-o-w to AED 1,028/t ($279/t) DAP Abu Dhabi. A recent…