USA: RMDAS ferrous scrap index witnesses negative trend in Sep'24
In Sep'24, the RMDAS ferrous scrap index, indicating spot market prices for steel mills and foundries in the US, witnessed a negative trend. The index recorded the following prices:
- Shredded scrap decreased by $7/t to $374/t.
- Prompt industrial composite scrap decreased by $2/t, settling at $394/t.
- The HMS index remained stable compared to the last month at $326/t.