In Apr’24, the RMDAS ferrous scrap index, indicating spot market prices for steel mills and foundries in the US, experienced a mixed trend after continuous decline. The index recorded the following price trends:
- Shredded scrap prices declined by $2/t to $407/t.
- Prompt industrial composite scrap saw a nominal rise of $1/t, settling at $426/t.
- The HMS index decreased by $2/t, reaching $341/t.