US: RMDAS ferrous scrap index shows mixed trends in Apr26; supply overhang pressures prices

• Strong domestic pricing of scrap limits export demand
  
  
• Higher steel prices may support demand for prime scrap
  
  

The RMDAS ferrous scrap index showed mixed trends on 20 April 2026 compared to 20 March, with shredded scrap down by $17/t to $434/t and HMS falling by $21/t to $387/t, while prompt industrial composite scrap remained stable at $466/t.

This decline was mainly driven by ample domestic supply, particularly in the obsolete segment, as strong domestic pricing continued to suppress export demand and keep material within the US market.

Despite sufficient supply meeting steady mini-mill operating rates, rising flat-rolled steel and pig iron prices may support prime scrap prices in the upcoming May trade, partially offsetting the current downward pressure in the market.