Tag: UAE scrap prices edge higher as steady sectoral demand offsets ample availability

Saudi rebar competition is putting pressure on regional steel prices Strong demand for processed grades supports overall scrap values UAE’s domestic scrap market remained stable to firm w-o-w, with ample availability and good-quality material keeping supply comfortable. However, demand across sectors prevented a sharper correction. BigMint assessed processed HMS at AED 996/t ($269/t) DAP Abu…