Tag: RMDAS

USA: RMDAS ferrous scrap index witnesses negative trend in Sep’24

Sep 21, 2024

—

by

Adarsh Ramteke

in Melting Scrap

In Sep’24, the RMDAS ferrous scrap index, indicating spot market prices for steel mills and foundries in the US, witnessed a negative trend. The index recorded the following prices: Shredded scrap decreased by $7/t to $374/t. Prompt industrial composite scrap decreased by $2/t, settling at $394/t. The HMS index remained stable compared to the last…