Tag: RMDAS ferrous scrap price index

USA: RMDAS ferrous scrap index plunges to 1-year low in July

Jul 21, 2022

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by

Deepika Singh

in Melting Scrap

The Raw Material Data Aggregation Service (RMDAS) ferrous scrap price index tumbled to a 1-year low level in Jul’22 on lower finished steel demand. The average price for shredded scrap stood at $447/t in Jul, down $34/t m-o-m, while HMS prices fell by $40/t to $355/t. The index tracks spot market prices of steel mills…