After a drop of AED 20–50/ton (approximately USD 5.4–13.6) last week, delivered scrap prices announced this week remained mostly stable. Scrap suppliers remained cautious about further price declines, while market participants are closely monitoring whether prices have reached the bottom.
Weekly price updates are as follows:
- Pure LMS remained stable at AED 1,100/ton (USD 299/ton).
- LMS mixed fell by AED 25/ton (USD 6.8/ton) compared to last week, moving to the AED 875–900/ton range (USD 236–245/ton).
- HMS 80:20 traded in the AED 1,150–1,160/ton range (USD 310–313/ton), showing a flat-to-positive trend.
- HMS 80:20 sheared (Processed HMS) held steady at AED 1,200/ton (USD 327/ton).
- Fabrication (2x2 feet) saw a modest increase to AED 1,220–1,240/ton (USD 330–335/ton), with a weekly gain of AED 5/ton (USD 1.36/ton).
Market sources indicate that there is still limited but steady demand in the processed and cutting scrap segments. In the coming days, demand signals from the construction and manufacturing sectors are expected to play a key role in determining the direction of prices.
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