Tag: obsolete scrap grades pressure
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US: RMDAS ferrous scrap index falls marginally m-o-m in Mar’26; near-term outlook soft
Export demand supports prices despite cautious market sentiment Rising supply pressures obsolete grades; price drop likely in Apr’26 The RMDAS ferrous scrap index, tracking spot transactions for US steel mills and foundries, showed mixed movements in a narrow range as of 20 March 2026 compared with the same period in February. Shredded scrap declined by…