Since 2003, we have been providing an easy way to benchmark and monitor your company’s ferrous scrap purchasing performance.

Our Raw Material Data Aggregation Service™ (RMDAS™) gives you a real competitive advantage by providing a reliable source of accurate ferrous scrap prices and purchased volume information.

This innovative service provides you with realistic aggregated scrap market information as close to real-time as possible, in an easy-to-review format. That powerful data can be used to help you:
  • Reduce your operating expenditures related to raw materials purchases
  • Accurately benchmark buying performance
  • Quickly sense trends -Recognize cost-favorable springboard sourcing opportunities from nearby regions
  • Forecast with a unique historical perspective of realistic competitive data
  • Gain an efficient, easy-to-use analytical reporting tool for internal data
  • Evaluate previous commodity purchasing decisions
  • Make more knowledge-based decisions for new purchases
  • Enjoy a reduction of each of your locations’ overall scrap cost per ton

You can also take advantage of our RMDAS Ferrous Scrap Price Index. Published each month, it provides you with the data you need to enter into more realistic, formula-based, long-term purchase agreements with scrap suppliers for the following commodities:
  • Prompt Industrial Composite
  • #2 Shredded
  • #1 Heavy Melting Steel

Our Weekly Tracking Price provides participants with the ability to see the price evolution of the index commodities throughout each month.

With RMDAS, you can rest assured the information you’re getting is comprehensive, accurate, and reliable. We have contracts with a significant number of EAF mini-mills and integrated steel producers, representing 60% of the total purchased scrap consumed in the U.S. each month. We collect, cleanse, analyze, verify, and store actual purchase order data for scrap materials for each participants’ locations. We contract separately with every participant, and keep your data confidential. Only aggregated data is shared. Of course, you’ll have quick and secure access to your own data on the Internet at any time, and can use our online analytical reporting system to easily analyze comparative regional aggregated data.

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