Tag: year-end steel demand
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UAE: BigMint’s scrap index slips $6/t w-o-w; market awaits rebar price revision
Mills limit scrap intake amid year-end slowdown Market awaits Jan price announcement, rollover expected The UAE’s domestic scrap index declined by AED 22/t ($6/t) on 19 December as compared to 10 December, with processed heavy melting scrap (HMS) falling to AED 1,139/t ($310/t) as of 17 December. Market participants noted that processed local scrap prices…