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Tensions in the Gulf have driven up the UAE’s domestic scrap steel index, while exports have slowed due to logistical uncertainties.

Category: Blog

Time:2026-03-09

Affected by logistics disruptions stemming from heightened tensions in the Gulf, market transactions have grown more cautious. On March 4, the UAE domestic scrap steel index rose by 31 AED per ton (US$8) week-on-week to 1,246 AED per ton (US$339). Over the past two to three days, intra‑Middle East scrap steel flows have tightened, with sellers hesitant to accept new orders due to ongoing logistical uncertainties. In the rebar market, several traders are opting to wait until actual transaction levels are confirmed before making fresh purchases, citing uncertainty over how much of the announced price increases the market can absorb and the pace of construction-related demand. Shipping disruptions are creating export uncertainties.

Affected by logistics disruptions caused by tensions in the Gulf, market transactions have become more cautious. On March 4, the UAE domestic scrap steel index rose by 31 AED per ton (US$8) week-on-week to 1,246 AED per ton (US$339).
Over the past two to three days, intra‑Middle East scrap steel flows have tightened, and sellers are hesitant to accept new orders due to logistical uncertainties. In the rebar market, several traders are opting to wait until actual transaction levels are confirmed before making fresh purchases, citing uncertainty about how much of the announced price increases the market can absorb and the pace of construction‑related demand.
Shipping disruptions lead to export uncertainty.
As suppliers pause quoting prices while assessing operational risks, export market activity has slowed significantly. Traders say that shipping delays, rising fuel costs, and potential vessel reroutings could drive up the landed cost of scrap steel in the coming weeks. Shipping lines are also evaluating the imposition of a potential war-risk surcharge on containerized cargo, which could further increase freight expenses.
A UAE trader said that operational disruptions have added further complexity, with some ports temporarily halting operations and certain shipping lines reportedly refusing to accept new bookings on specific routes. “At present, many suppliers are holding off on issuing new quotes, making it difficult to determine viable price levels in the short term,” the trader noted.
Market participants note that the recent price increases partly reflect the suspension of shipments by UAE suppliers, which has tightened regional scrap steel supply. In 2025, the UAE will remain Pakistan’s largest supplier of scrap steel, with exports exceeding 1 million tons; therefore, any disruption in supply is particularly significant for South Asian buyers.
Outlook
With rising freight rates and increasing uncertainty over ship transit, traders expect volatility in the South Asian scrap steel market to intensify in the coming days. Even a short-term disruption in shipments from the Gulf could tighten regional supply, with Pakistan—which is heavily reliant on scrap steel from the UAE—likely bearing the brunt, while India’s shipments from Bahrain and Kuwait may also face temporary interruptions.

Keywords: Tensions in the Gulf have driven up the UAE’s domestic scrap steel index, while exports have slowed due to logistical uncertainties.

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Tensions in the Gulf have driven up the UAE’s domestic scrap steel index, while exports have slowed due to logistical uncertainties.

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