The RMDAS ferrous scrap index, which reflects the US spot market prices for steel mills and foundries, has dropped in Jan’24. The index witnessed the following drops:
- Shredded scrap has gone down by $6/t to $463/t.
- Prompt industrial composite scrap was dropped by $14/t to $504/t.
- The HMS index also decreased by $1/t to $396/t.
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