Tag: UAE: Scrap prices steady amid Ramadan lull; billet tightness underpins sentiment

Subdued mill buying caps scrap upside Firm rebar sales tighten billet availability Scrap prices in the UAE remained largely steady w-o-w as of 18 February, easing marginally by AED 1/t ($0.3/t) w-o-w to AED 1,222/t ($333/t) amid muted mill buying during Ramadan and weak export demand to Pakistan. Spot liquidity stayed thin, with most traders…