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Supported by regional demand, scrap steel prices in the United Arab Emirates rose week-on-week.

Category: Blog

Time:2026-06-15

Supported by regional demand, scrap steel prices in the United Arab Emirates rose week-on-week. As of the week ending June 12, the UAE black scrap market remained firm, buoyed by improving regional sentiment and ongoing supply-chain challenges, despite broadly stable domestic trading activity. HMS 80:20 processed scrap delivered ex‑Abu Dhabi stood at AED 1,027 per tonne ($280 per tonne), up AED 25 per tonne ($7 per tonne) from the previous week.

Supported by regional demand, scrap steel prices in the United Arab Emirates rose week-on-week.

　　As of the week ending June 12, the UAE black scrap market remained firm, supported by improved regional sentiment and ongoing supply-chain challenges, despite largely stable domestic trading activity. HMS 80:20 processed scrap, delivered at Abu Dhabi, stood at AED 1,027 per tonne ($280 per tonne), up AED 25 per tonne ($7 per tonne) from the previous week.

　　Market sources report that local scrap prices have remained broadly firm. HMS 80:20 processed scrap is trading at Dhs 990–1,020 per tonne (US$267–275 per tonne) on a DAP basis. Prices exclude 5% VAT, with payment terms of one week, and major grades are holding steady. LMS is quoted at Dhs 740–750 per tonne (US$200–203 per tonne), HMS Super at Dhs 950–980 per tonne (US$257–265 per tonne), while PNS processed scrap and mill‑yard scrap are at Dhs 1,050–1,070 per tonne (US$284–289 per tonne). Meanwhile, end‑cut scrap—primarily consisting of rebar scrap—is reportedly fetching Dhs 1,130–1,140 per tonne (US$305–308 per tonne).

　　A Dubai-based trader said that domestic scrap supplies remain ample, and the negotiable prices for new inquiries have largely stayed within a narrow range. However, suppliers are reluctant to cut prices, as logistics and transportation costs remain stubbornly high. Another UAE trader noted that export activity remains limited; with container freight rates currently hovering around AED 450–500 per ton (USD 122–135 per ton), the competitiveness of UAE-origin scrap in export markets has been significantly undermined.

　　Market sources report that a 500-ton shipment of UAE-origin HMS scrap was sold at $420 per ton CFR Qasim. Despite persistently high logistics costs continuing to weigh on exports, inquiries from Pakistan remain selective.

　　Logistics remains a key concern in the UAE’s flat‑steel market, with participants focusing more on shipping disruptions than on price trends. Despite ongoing supply chain challenges, new shipments continue to arrive. Reports indicate that over 40,000 tonnes of Russian‑origin hot‑rolled coil have been booked for delivery to the UAE, while approximately 16,000 tonnes of Indian‑origin hot‑rolled coil are expected to reach Fujairah in the second half of June. The Indian cargo is reportedly priced at around USD 560 per tonne FOB, though this transaction has not been independently verified.

　　A Dubai-based trader noted that buyers are more concerned with the timing of cargo arrivals than with price trends, as delays along shipping routes and at ports are increasingly blurring delivery schedules. Market sources estimate that substantial volumes of steel bound for GCC countries remain stranded at sea or waiting in regional ports. Fujairah is emerging as an alternative port of entry, with its strategic importance growing; additional warehousing and handling facilities are being developed to alleviate supply-chain bottlenecks. Meanwhile, Indian-origin hot-rolled coil prices are reportedly around USD 700 per tonne CFR Jebel Ali, reflecting not only the intrinsic value of the steel but also higher freight costs and logistics risks.

　　Market participants note that stronger scrap steel demand in neighboring Saudi Arabia has provided indirect support to market sentiment in the Gulf region. Recently, Saudi steel mills raised domestic scrap prices for the second time this month; amid tightening supply, premium-grade scrap fetched 1,930 riyals per ton ($515 per ton), shredded scrap stood at 1,925 riyals per ton ($513 per ton), and HMS was quoted at 1,860 riyals per ton ($496 per ton). Since early June, cumulative price increases have reached roughly 200 riyals per ton ($53 per ton), encouraging regional suppliers to maintain firm pricing and boosting interest in imported scrap shipments.

　　The UAE scrap market is expected to remain firm, supported by logistics constraints and high freight rates. Market participants will closely monitor vessel arrivals and port operations, with demand‑driven purchasing likely keeping trading activity subdued. Demand from regional destinations such as Pakistan may continue to bolster market sentiment, though elevated freight costs remain a challenge to export competitiveness.

Keywords: Supported by regional demand, scrap steel prices in the United Arab Emirates rose week-on-week.

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Supported by regional demand, scrap steel prices in the United Arab Emirates rose week-on-week.

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