Tag: UAE VAT reverse charge

UAE: BigMint’s scrap index slips $5/t w-o-w amid VAT-related uncertainty

Jan 9, 2026

—

by

Anshuman

in Melting Scrap

Export demand mixed, Pakistan, India show resistance to UAE’s offers Some UAE sellers intend to stay on sidelines until new tax system kicks in UAE’s scrap prices dropped w-o-w on 7 January during the first week of 2026 due to muted trade during the year-end. The processed heavy melting scrap (HMS) index fell AED 18/t…