The scrap market in the United Arab Emirates (UAE) is experiencing fluctuations, particularly due to a decline in export activities and the reshaping of domestic demand. A notable development in the market is the resumption of new purchases by AGSI, one of the country’s largest scrap consumers.
Recent data shows that the price of HMS 1/2 80:20 scrap has decreased to 1,125 AED per ton, while processed HMS scrap is trading between 1,150 and 1,175 AED. Fabrication scrap is priced between 1,220 and 1,230 AED, and rebar cut scrap is recorded at 1,270 AED. Weekly price drops have been observed across all categories.
The UAE’s ongoing infrastructure and construction projects continue to sustain scrap demand. The expansion of major architectural projects and transportation networks both within the country and globally has contributed to market activity, while global economic conditions and supply-demand balance also influence prices.
Industry representatives predict a slowdown in demand during Ramadan, but anticipate a recovery after the holiday.
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