{"id":63211,"date":"2026-04-11T12:42:34","date_gmt":"2026-04-11T06:42:34","guid":{"rendered":"https:\/\/biztrend24.com\/?p=63211"},"modified":"2026-04-11T12:42:34","modified_gmt":"2026-04-11T06:42:34","slug":"uae-scrap-prices-fall-5-t-w-o-w-billet-market-firm-amid-supply-disruptions","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=63211&lang=en","title":{"rendered":"UAE: Scrap prices fall $5\/t w-o-w; billet market firm amid supply disruptions"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Scrap prices ease as buyers resist higher offers<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Billet prices supported by tight metallics supply<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Logistics constraints continue to disrupt GCC trade flows<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Domestic scrap prices in the UAE recorded a marginal w-o-w in the week ended 10 April, as cautious procurement by mills and traders continued to keep market bearish. BigMint assesed domestic HMS processed index dropped by AED 18\/t ($5\/t) w-o-w and stood at AED 1,030\/t($280\/t) DAP Abu Dhabi.<\/p>\n<p>A UAE-based trading house representative noted that HMS processed was at AED 1,030-1,050\/t ($280-286\/t) DAP Abu Dhabi, while shredded scrap was indicated at AED 1,080-1,100\/t ($294-300\/t), adding that no fresh offers are currently being floated as participants await clearer market direction. Another deal was heard concluded at AED 1,025\/t ($277\/t) for HMS processed. Current workable levels are reported at AED 1,100\/t ($300\/t) for shredded, AED 1,075\/t ($293\/t) for PNS, and AED 1,030\/t ($280\/t) for HMS processed (DAP Abu Dhabi).<\/p>\n<p>A trader commented, &#8220;The market is uncertain about near-term movements as buyers are not readily keeping their bids high,&#8221; highlighting weak confidence and limited appetite for aggressive stocking.<\/p>\n<p>DAP prices (excluding 5% VAT) were heard at below levels:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>HMS (80:20) processed: AED 1,025-1,035\/t ($279-282\/t)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>HMS super: AED 1,060-1,080\/t ($289-294\/t)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>LMS: AED 800-820\/t ($218-223\/t)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Shredded scrap: AED 1,100-1,120\/t ($300-305\/t)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>PNS unprocessed: AED 1,040-1,060\/t ($283-289\/t)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Billet prices hold firm on tight raw material supply:<\/p>\n<p>In contrast, billet prices in the UAE remained steady at $550-560\/t delivered, supported by constrained availability of metallics and feedstock shortages across the UAE and Oman. Mills are operating at nearly half capacity, underpinning billet prices despite sluggish downstream demand.<\/p>\n<p>Chinese billet offers were heard lower at $460-465\/t FOB; however, preference remained tilted towards Indonesian suppliers due to certification advantages and better market acceptance. On the import front, Indonesian-origin ECAS-certified billets were booked at $480-490\/t FOB, with expected CFR UAE levels at $530-540\/t for 45,000-50,000 t cargoes scheduled for mid- to end-May shipments.<\/p>\n<p>Logistics disruptions tighten supply chain:<\/p>\n<p>The UAE steel sector continues to face mounting pressure from persistent logistics disruptions in the Strait of Hormuz, delaying raw material inflows and creating a backlog in semis and metallics supply. Despite geopolitical developments, including discussions around a US-Iran ceasefire, there has been no tangible improvement in shipping activity.<\/p>\n<p>Market participants highlighted severe visibility issues regarding incoming cargoes, complicating procurement planning. &#8220;The issue now is not only supply, but timing. Even if cargoes are coming, they are not arriving when needed,&#8221; a mill source said. As a result, several producers in Dubai and Abu Dhabi are adjusting operational schedules, with some re-rollers opting for maintenance shutdowns due to insufficient feedstock.<\/p>\n<p>Another participant added, &#8220;There is simply not enough material to keep all lines running.&#8221;<\/p>\n<p>Alternative routing via Fujairah (UAE) and Sohar (Oman) is being increasingly utilised; however, these routes involve higher logistics costs, handling challenges, and longer delivery timelines, limiting their ability to fully offset disruptions through traditional Hormuz routes.<\/p>\n<p>Regional billet trade sees sporadic deals:<\/p>\n<p>Across the GCC, billet trade remains fragmented. A 30,000 t Chinese billet cargo was booked at around $480\/t FOB Oman, equivalent to $510-520\/t CPT UAE. Additional cargoes routed via Sohar and Fujairah indicate a structural shift in supply chains toward indirect routing.<\/p>\n<p>In Saudi Arabia, imports through Red Sea ports such as Jeddah, Yanbu, and Rabigh continue relatively unaffected. However, negotiations with Russian suppliers remain slow due to logistical uncertainties rather than payment constraints. A GCC buyer noted, &#8220;It is difficult to conclude billet deals now as suppliers are hesitant to commit amid shipment risks.&#8221;<\/p>\n<p>Outlook:<\/p>\n<p>The UAE and wider GCC ferrous market is expected to remain under pressure in the coming days. Tight metallics availability will continue to support billet prices, while weak buying sentiment and logistical bottlenecks are likely to restrict trade volumes. May is expected to be a critical period, with further tightening in supply potentially pushing prices higher if disruptions persist.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scrap prices ease as buyers resist higher offers Billet prices supported by tight metallics supply&#8230;<\/p>\n","protected":false},"author":1,"featured_media":63212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-63211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?fit=1280%2C720&ssl=1?v=1775889746",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?resize=150%2C150&ssl=1?v=1775889746",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?fit=300%2C169&ssl=1?v=1775889746",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?fit=640%2C360&ssl=1?v=1775889746",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?fit=640%2C360&ssl=1?v=1775889746",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?fit=1280%2C720&ssl=1?v=1775889746",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?fit=1280%2C720&ssl=1?v=1775889746",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?resize=1115%2C715&ssl=1?v=1775889746",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?resize=800%2C500&ssl=1?v=1775889746",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?fit=1024%2C576&ssl=1?v=1775889746",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?resize=540%2C340&ssl=1?v=1775889746",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?resize=400%2C250&ssl=1?v=1775889746",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-5-2.jpg?fit=1280%2C720&ssl=1?v=1775889746","jetpack-related-posts":[{"id":60577,"url":"https:\/\/biztrend24.com\/?p=60577&lang=en","url_meta":{"origin":63211,"position":0},"title":"BigMint&#8217;s UAE scrap index drops over $20\/t w-o-w as strong buying momentum stalls","author":"Biz Trend 24","date":"March 14, 2026","format":false,"excerpt":"Construction activity stable, material flows unaffected Recent bulk deals cover mills' short-term scrap needs BigMint's index for the UAE's domestic ferrous scrap dropped sharply by AED 82\/t ($22\/t) w-o-w to AED 1,164\/t ($317\/t) on 11 March. Market sources attributed the decline to price correction following heavy scrap purchases by key\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-14T101900.780.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-14T101900.780.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-14T101900.780.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-14T101900.780.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-14T101900.780.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":55692,"url":"https:\/\/biztrend24.com\/?p=55692&lang=en","url_meta":{"origin":63211,"position":1},"title":"Scrap prices in the UAE improve marginally but VAT uncertainty clouds outlook","author":"Biz Trend 24","date":"January 31, 2026","format":false,"excerpt":"Domestic scrap demand offsets policy noise Steel market remains cautious ahead of Feb'26 UAE scrap prices strengthened modestly in the week ended 30 January, rising by around AED 6\/t ($2\/t) w-o-w despite continued uncertainty linked to VAT-related clarifications. \"There is some hesitation on fresh offers due to VAT clarity, but\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-31T111806.468.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-31T111806.468.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-31T111806.468.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-31T111806.468.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-31T111806.468.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":55133,"url":"https:\/\/biztrend24.com\/?p=55133&lang=en","url_meta":{"origin":63211,"position":2},"title":"UAE: BigMint&#8217;s scrap index inches up by $3\/t w-o-w; Emirates Steel rolls over Feb&#8217;26 rebar prices","author":"Biz Trend 24","date":"January 24, 2026","format":false,"excerpt":"RCM-related uncertainty limits near-term spot buying Exports slow amid pending VAT clarity, bid-offer gaps UAE scrap prices increased by AED 12\/t ($3\/t)w-o-w in the week ended 23 January, even as steel mills largely held firm on their buying prices. Comfortable inventory levels and the steady arrival of previously booked cargoes\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-24T112434.086.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-24T112434.086.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-24T112434.086.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-24T112434.086.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-24T112434.086.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":55782,"url":"https:\/\/biztrend24.com\/?p=55782&lang=en","url_meta":{"origin":63211,"position":3},"title":"Weekly round-up: Russian and Chinese billet export offers edge up w-o-w even as Iran supply tightens","author":"Biz Trend 24","date":"February 1, 2026","format":false,"excerpt":"Southeast Asian billet prices rise on Iran supply gap CIS billet offers rise on higher production costs Global billet prices were mixed in the week ended 30 January 2026, with Asian exporters continuing to dominate supply despite weak domestic demand, as higher prices helped offset rising production costs. Positive rebar\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-01T105830.648.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-01T105830.648.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-01T105830.648.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-01T105830.648.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-01T105830.648.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":54953,"url":"https:\/\/biztrend24.com\/?p=54953&lang=en","url_meta":{"origin":63211,"position":4},"title":"South Asia: Scrap markets show mixed trends amid selective buying, offers remain firm","author":"Biz Trend 24","date":"January 22, 2026","format":false,"excerpt":"Higher freight and costs support global scrap prices Limited US bulk scrap availability outside Turkiye Imported scrap markets across South Asia and Turkiye showed mixed sentiment, with India improving on firmer prices, Pakistan remaining cautious, Bangladesh largely stable, and Turkiye's deep-sea scrap prices rangebound amid weak steel demand despite higher\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":61567,"url":"https:\/\/biztrend24.com\/?p=61567&lang=en","url_meta":{"origin":63211,"position":5},"title":"Weekly round-up: Scrap-led rally and Turkiye restocking push billet markets higher; Iran risks loom","author":"Biz Trend 24","date":"March 29, 2026","format":false,"excerpt":"Scrap-led cost push lifts semis; Turkiye buying surges after delayed restocking Recent airstrikes on Iran's major steelmakers keep steel sector under pressure Global billet markets strengthened sharply in the week ended 27 March, as a rally in ferrous scrap prices triggered a cascading rise across billet and long steel segments.\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-6-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-6-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-6-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-6-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-6-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/63211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63211"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/63211\/revisions"}],"predecessor-version":[{"id":63213,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/63211\/revisions\/63213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/63212"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}