Tag: HMS index

USA: RMDAS ferrous scrap index witnesses positive trend in Aug’24

Aug 21, 2024

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by

Adarsh Ramteke

in Melting Scrap

In Aug’24, the RMDAS ferrous scrap index, indicating spot market prices for steel mills and foundries in the US, witnessed a positive trend. The index recorded the following prices: Shredded scrap increased by $2/t to $381/t. Prompt industrial composite scrap increased by $3/t, settling at $396/t. The HMS index increased by $5/t, reaching $326/t.