17
Apr
15:34
UAE, Oman scrap shipments come to a standstill
Scrap deliveries in the United Arab Emirates and Oman have been halted this week due to heavy rainfall. Amid buoyant exports, scrap prices remain firm in the UAE, but this may not continue as Dubai Customs could tighten its surveillance of cargoes.
Ferrous scrap exports have continued amid misdeclaration of cargoes in order to avoid paying high export duties of AED 400/tonne ($109), notes Kallanish.
Domestic scrap in the UAE is offered at AED 1,125-1,180/tonne ($…
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Anonymous
Very good overview of the weekly steel market.
Anonymous