Last week, updated delivery-based scrap prices were announced in the United Arab Emirates, reflecting current market conditions across key grades. All prices are exclusive of 5% VAT and quoted on a per metric ton basis.
Scrap prices in the UAE are expected to remain stable or experience a slight decline in the near term. Market participants report limited purchasing activity from local steel mills, contributing to soft demand.
Traders indicate that weak downstream demand and cautious mill procurement strategies could lead to a minor price correction in the coming weeks, particularly for lower-demand grades.
Despite this, higher-quality processed materials such as sheared HMS, processed PNS, and rebar end-cut continue to command premium levels due to their suitability for electric arc furnace (EAF) operations.
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