Tag: UAE: Scrap prices remain range-bound w-o-w with selective trade

Some mills continue booking HMS and shredded at prevailing levels Billet costs rise as freight, insurance and rerouting expenses increase Scrap prices in the UAE remained largely stable this week, with rates edging up for select grades. BigMint assessed processed HMS 80:20 range-bound at AED 1,015/t ($276/t), down by AED 2/t ($1/t) w-o-w. Other domestic…