Tag: UAE steel scrap market
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UAE: Processed ferrous scrap prices fall $10/t w-o-w as export ban weighs on sentiment; billet buyers remain cautious
Need-based procurement continues as mills anticipate further price corrections Supply transparency gains importance as uncertainty over billet origins persists BigMint assessed processed HMS (80:20) scrap at AED 1,000/t ($272/t) DAP Abu Dhabi, down AED 35/t ($10/t) w-o-w, as trading activity remained subdued and buyers anticipated further price corrections following the UAE government’s temporary ban on…