USA: RMDAS ferrous scrap index plunges $60/t in June

—

The Raw Material Data Aggregation Service (RMDAS) ferrous scrap price index fell significantly in Jun’22 on declining global prices and lower bids due to steel price cuts.
The average price for shredded scrap stood at $481/t in Jun, down $45/t m-o-m, while HMS prices fell by $48/t to $395/t. The index for Prompt Industrial Comp. fell by $61/t m-o-m.
The index tracks US spot market prices.

Comments