Tag: UAE steel market update

UAE: BigMint’s scrap index rises $5/t w-o-w despite thin trading

Jan 2, 2026

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by

Adarsh Ramteke

in Melting Scrap

Import demand from Pakistan, Turkiye supports prices Market to remain muted amid cautious mill sentiment UAE’s scrap prices increased marginally during the last week of December despite muted trade during the year-end. The index rose AED 20/t ($5/t) w-o-w on 31 December, with processed heavy melting scrap (HMS) at AED 1,150/t ($313/t). Demand from Pakistan…