USA: RMDAS ferrous scrap price index falls sharply in May

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The Raw Material Data Aggregation Service (RMDAS) ferrous scrap price index plummeted in May’22 on global cues.
The average price for shredded scrap is $526/t in May, down $78/t m-o-m, while HMS prices have fallen by $83/t to $443/t.
The index indicates domestic spot market prices, representing scrap purchases by steel mills and foundries in the USA.

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