- Prices of obsolete scrap grades fall amid weak demand
- Improved mill operating rates support prompt demand
The RMDAS ferrous scrap index showed mixed trends on 21 May 2026 compared with 21 April, as shredded scrap prices declined by $2/t to $432/t and HMS prices dropped by $8/t to $379/t, while prompt industrial composite scrap strengthened by $4/t to $470/t, supported by relatively tighter prime scrap availability and improved domestic mill demand.
Rising US crude steel production and higher mill capacity utilisation, which reached 82.2% in the week ended 16 May, also supported consumption of higher-grade prompt scrap grades, while obsolete grades such as HMS and shredded remained under pressure from relatively comfortable supply availability.
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