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 index decreased by $12/t, reaching $329/t.