In Jul’24, the RMDAS ferrous scrap index, indicating spot market prices for steel mills and foundries in the US, witnessed a mixed trend.
The index recorded the following prices:
- Shredded scrap remained stable at $379/t.
- Prompt industrial composite scrap declined by $5/t, settling at $393/t.
- The HMS index increased by $3/t, reaching $321/t.
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