08
Mar
13:44
UAE scrap prices increase, export ban seen expiring
Scrap prices in United Arab Emirates continue to rise, with sizeable scrap exports reported to be continuing, despite the ban, mostly in containers to conceal the smuggling.
Local scrap-buying mills are unsure whether the export ban, set to expire on 21 March, will be extended. The government's unwillingness to stop scrap smuggling is under serious discussion by market participants, Kallanish understands.
Billet producers had a meeting on Tuesday in ord…
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Anonymous
Very good overview of the weekly steel market.
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