01
Nov
15:44
UAE scrap prices continue to fall
Scrap prices in the United Arab Emirates have continued to fall, bucking the global trend. The pull of import demand from Pakistan, India and Bangladesh for UAE-origin scrap has decreased significantly, causing the price decline, notes Kallanish.
This week in the UAE, domestic scrap fell by AED 20-30/t ($5-8) to AED 1,125-1,140/t for HMS 1/2 80:20 grade and AED 1,175-1,200/t for fabrication and premium, all on a delivered basis excluding 5% VAT.
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Anonymous
Very good overview of the weekly steel market.
Anonymous