Tag: RMDAS ferrous scrap price index

The Raw Material Data Aggregation Service (RMDAS) ferrous scrap price index plummeted in May’22 on global cues. The average price for shredded scrap is $526/t in May, down $78/t m-o-m, while HMS prices have fallen by $83/t to $443/t. The index indicates domestic spot market prices, representing scrap purchases by steel mills and foundries in…