Tag: UAE: Scrap remains steady on regular mill demand; sustained buying caps downside

UAE: Scrap remains steady on regular mill demand; sustained buying caps downside

May 1, 2026

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by

Anshuman

in Melting Scrap

Rebar market stable but underlying strain visible Wire rod gains on supply tightness; Saudi rebar extends uptrend The UAE domestic scrap market remains steady to firm, with BigMint assessing HMS (80:20) processed at AED 1,040/t ($283/t) DAP Abu Dhabi, up AED 2/t ($0.5/t) w-o-w. Market indications place HMS processed at AED 1,040-1,050/t ($283-286/t), while shredded…