According to market sources, domestic HMS I scrap quotations in the United Arab Emirates (UAE) are currently at AED 820/mt ($223/mt) ex-yard, while demand for scrap in the UAE is now at medium levels.
Additionally, early in the current month UAE-based steel producer Emirates Steel Industries (ESI) announced it new domestic scrap purchase prices at AED 550-600/mt ($150-163/mt) CPT on average.
$1 = AED 3.67