USA: RMDAS ferrous scrap index further down m-o-m in November

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The Raw Material Data Aggregation Service (RMDAS) ferrous scrap price index decreased m-o-m in Nov’22 on weak global steel market.
The average price of shredded scrap stood at $367/t in Nov’22, down $20/t m-o-m, prompt industrial composite scrap at $357/t, down $10/t and the HMS index at $307/t, down $9/t.
The index tracks US spot market prices of steel mills and foundries.

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