Tag: RMDAS ferrous scrap price index

The Raw Material Data Aggregation Service (RMDAS) ferrous scrap price index plunged in Aug’22 on a bearish global market for finished steel. The average price of shredded scrap stood at $428/t in Jun, down $19/t m-o-m, while prompt industrial comp. prices fell by $63/t to $437/t. The index for HMS fell by $18/t m-o-m. The…