- The Raw Material Data Aggregation Service (RMDAS) ferrous scrap price index plunged in Aug’22 on a bearish global market for finished steel.
- The average price of shredded scrap stood at $428/t in Jun, down $19/t m-o-m, while prompt industrial comp. prices fell by $63/t to $437/t. The index for HMS fell by $18/t m-o-m.
- The index tracks US spot market prices of steel mills and foundries.
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