07
Aug
15:30
UAE scrap consumers push prices down
In the United Arab Emirates, domestic scrap prices fell, driven by new lower purchase prices from major scrap consumers, amid subdued scrap exports to India and Pakistan. This week, local scrap prices in the UAE fell by almost AED 50/tonne ($13.6) on-week, Kallanish confirms from the market sources.
New scrap deal negotiations are discussed between the buyers and dealers at AED 1,275-1,285/t for PNS, down from AED 1,350/t. Fabrication is at AED 1,260-1,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous