Tag: UAE scrap trade 2024
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UAE ferrous scrap index rebounds from 10-month lows on holiday restocking
Scrap prices rebound on restocking demand Export market slows as year-end approaches The UAE’s domestic ferrous scrap index rebounded this week after reaching a 10-month low, with prices increasing by AED 28/tonne (t) ($8/t) w-o-w. This rise in prices was driven by improved demand, as domestic mills actively sourced material ahead of the year-end holidays.…