Tag: US steel scrap market outlook

US: RMDAS ferrous scrap index falls marginally m-o-m in Mar’26; near-term outlook soft

Mar 23, 2026

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by

Devanshu Agrawal

in Melting Scrap

Export demand supports prices despite cautious market sentiment Rising supply pressures obsolete grades; price drop likely in Apr’26 The RMDAS ferrous scrap index, tracking spot transactions for US steel mills and foundries, showed mixed movements in a narrow range as of 20 March 2026 compared with the same period in February. Shredded scrap declined by…