Scrap demand continues to track closely with stable rebar prices, and considering the cautious buying policies of regional buyers, prices are expected to remain near current levels in the short term.
In the UAE scrap market, prices on a delivered basis excluding 5% VAT are as follows:
LMS (50:50): AED 900/t
HMS 1/2 (80:20): AED 1,140–1,150/t
HMS 1 (new, non-galvanized/no cast iron): AED 1,150–1,170/t
HMS sheared (processed): AED 1,190–1,200/t
PNS: AED 1,170–1,200/t
PNS processed (2×2 feet): AED 1,225–1,250/t
Re-rollable scrap: AED 1,230–1,280/t
End-cut (rebar): AED 1,300/t
HMS shredded: AED 1,270–1,290/t
Latest Developments in the Sector
The UAE’s robust construction and manufacturing sectors continue to drive strong demand for scrap. Ongoing infrastructure projects, urban development, and industrial expansion have elevated steel consumption, occasionally causing fluctuations in the scrap market.
Two key developments stand out:
Al Jazeera Steel plans to commission its new medium-section mill in the UAE in the first quarter of 2026, aiming to expand its product range with special profiles and rail production.
Meanwhile, Etihad Rail is establishing a bonded rail corridor along the Abu Dhabi–Fujairah route to reduce carbon emissions in logistics and boost steel demand. Pilot operations are expected in Q4 2025, with the project set to strengthen the UAE’s railway infrastructure and enhance regional transport competitiveness.
Comments
No comment yet.