Tag: US: RMDAS ferrous scrap index continues to drop further in Mar’24

In Mar’24, the RMDAS ferrous scrap index, indicating spot market prices for steel mills and foundries in the US, experienced a continued decline. The index recorded the following price decreases: Shredded scrap prices plummeted by $49/t to $409/t. Prompt industrial composite scrap saw a drop of $60/t, settling at $425/t. The HMS index decreased by…