News and Events

U.A.E exporters raised prices for steel scrap last week by USD30-40t, following the upward trend in price for the commodity in the international market. The price for steel scrap in India closely follows prices accepted in Turkey, which experienced a similar price appreciation in the last week. The main driver is credited to both a rise in steel demand to Middle Eastern markets and a temporary shortness in supply caused by hurricane Sandy, forcing exporters to halt their business.