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UAE scrap index inches down w-o-w on slow inquiries by mills

Source: BigMint Jun 17, 2025 08:30

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Scrap demand moderate, mills wait for clarity. Market to remain slow, may rebound next week.

BigMint's UAE domestic processed HMS index inched down by AED 8/t ($2/t) w-o-w to AED 1,224/t ($333/t) amid slow to moderate inquiries from mills. The market is not active right now and is expecting a slowdown but could pick up next week. A few mills preferred buying at current offers,

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