Tag: UAE Steel industry

BigMint’s UAE scrap index down $4/t w-o-w as selective buying weighs on trade

Aug 22, 2025

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by

Anshuman

in Melting Scrap

Emirates Steel lifts rebar offers after 6 months Selective scrap bookings heard from mills BigMint’s UAE domestic processed HMS index fell by AED 13/tonne (t) ($4/t) w-o-w to AED 1,222/t ($333/t) amid limited purchases by key mills. Market commentary “We expect a drop in HMS processed and shredded scrap prices this week, with HMS around…