The UAE’s domestic scrap market remained subdued due to a general market slowdown amid the Eid holidays.
BigMint’s domestic processed HMS index edged down by AED 3/t ($1/t) w-o-w to AED 1,190/t ($324/t).
According to market participants, workable levels for processed HMS 80:20 were at around AED 1,180-1,190/t ($321-324/t), with limited trade activity from major mills. A gradual post-Eid recovery is anticipated.
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