Tag: US: RMDAS ferrous scrap index continues mixed trend in May’24

In May’24, the RMDAS ferrous scrap index, indicating spot market prices for steel mills and foundries in the US, experienced a mixed trend, majorly decline. The index recorded the following price trends: Shredded scrap prices declined by $12/t to $395/t. Prompt industrial composite scrap saw a nominal rise of $1/t, settling at $427/t. The HMS…