UAE ferrous scrap prices move up in response to higher rebar prices

Ferrous scrap prices have risen again in the domestic market of the United Arab Emirates over the past week in response to increases in steelmakers’ rebar prices in the country, sources told Fastmarkets on Tuesday November 28.

Major UAE steelmaker Emirates Steel Arkan announced it would raise its rebar sales prices for orders produced in December by around $20 per tonne on November 17.

The increase in...

Published

Lee Allen

November 28, 2023

21:32 GMT

London