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12 Jan
12:36

Domestic scrap prices increase in UAE

Domestic scrap prices have increased by AED 36.72/tonne ($10) on-week in United Arab Emirates. Global scrap price direction, domestic rebar price levels and relatively good demand for rebar have driven the hike in UAE scrap prices, which are also tagged low compared to international levels, market sources explain to Kallanish. This week, HMS 80:20 grade scrap is set at AED 1,310/tonne ($357) and HMS 90:10 at AED 1,354/t ($369) on a d…
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