Ferrous Scrap Prices Hold Steady as U.S. Steel Output Rises

Recycled steel prices Market Stability Defines June for Recycled Steel Pricing Recycled steel prices in the United States showed minimal fluctuation through June, maintaining a steady tone across two mill buying periods. Data from the Raw Material Data Aggregation Service (RMDAS), managed by MSA Inc., revealed only slight changes in benchmark grades. Between mid-April and mid-June, average mill prices for No. 1 heavy melting steel (HMS) and No. 2 shredded scrap shifted by just $1 and $2 per ton, respectively. The most significant change came from the prompt industrial composite grade—consistin...