Tag: VAT refund issues UAE

UAE: Domestic ferrous scrap index edges up $1/t w-o-w amid steady rebar demand

Feb 21, 2025

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by

Anshuman

in Melting Scrap

VAT refund issues push suppliers to focus on local sales EMsteel may hike or maintain rebar prices in March Scrap demand in the UAE’s domestic market has improved, while exports remain volatile. Suppliers are reportedly focusing on local sales due to VAT refund issues. BigMint’s benchmark assessment for HMS (80:20) processed scrap was at AED…