Tag: ferrous scrap price trend February 2026

US scrap index rises; market turns cautious Weather improves flows; March prices seen stable The RMDAS ferrous scrap index, tracking spot transactions for US steel mills and foundries, posted broad-based gains as of 21 February 2026 compared with 21 January. Shredded scrap increased by $29/t m-o-m to $453/t (+7%), prompt industrial composite scrap rose by…