06
Mar
14:20
UAE local scrap slides as container exports pause
Local scrap in the United Arab Emirates fell AED 25-50/tonne ($7-14) on-week after containerised scrap exports slowed down. Oman-origin billet prices have meanwhile lost $5-10/t versus last week, notes Kallanish.
"Containers are on hold as the exporters are unwilling to pay high export duties," explains a scrap trader.
Last week in UAE, a rebar re-roller booked Oman-origin electric arc furnace rebar-grade billet at $555/t for a 4,000-tonne parcel for pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous