Tag: UAE steel market outlook
-
UAE: Scrap index eases $2/t w-o-w amid Ramadan slowdown; EMsteel lifts March rebar offers
Ramadan season limits spot liquidity Export-linked scrap grades show relative resilience BigMint’s UAE domestic scrap index edged down by AED 7/t ($2/t) w-o-w to AED 1,215/t ($331/t) as of 27 February, amid subdued trading activity during Ramadan. While overall market interest remained muted, tighter scrap collection supported heavy melting grades, whereas construction-linked categories registered mild…