MEPS - ALL PRODUCTS COMPOSITE

Month  All Products Price Global  All Products Index Global  All Products Price EU  All Products Index EU  All Products Price N. America  All Products Index N. America  All Products Price Asia  All Products Index Asia  
Aug-2016  593  148.6  550  144.0  734  169.9  494  129.7 
Sep-2016  576  144.4  545  142.7  695  160.9  487  127.8 
Oct-2016  563  141.1  545  142.7  655  151.6  490  128.6 
Nov-2016  567  142.1  546  142.9  654  151.4  500  131.2 
Dec-2016  606  151.9  592  155.0  714  165.3  512  134.4 
Jan-2017  626  156.9  597  156.3  751  173.8  530  139.1 
Feb-2017  647  162.2  626  163.9  760  175.9  554  145.4 
Mar-2017  655  164.2  613  160.5  794  183.8  559  146.7 
Apr-2017  657  164.7  622  162.8  793  183.6  555  145.7 
May-2017  646  161.9  619  162.0  777  179.9  542  142.3 
Jun-2017  635  159.1  611  159.9  755  174.8  540  141.7 
Jul-2017  Latest prices available on subscription
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Copyright © 2017 by MEPS International Ltd.

Prices in the above table are for reference only. No data may be reprodcued in any manner whatsoever without written permission from MEPS.

To calculate an index number, divide the selected month’s price by the starting (base) value. Then multiply by 100. For example: Index number = ($720 / $500) x 100 = 144. To calculate the month-on-month percentage change, divide this month’s value by last month’s value. Then subtract 1 and multiply by 100. For example: Percentage change = (120 / 110) -1) x 100 = +9%.

All price and market data is researched by MEPS staff and our local correspondents. The information in the tables, charts and commentaries have been calculated from respondents who we consider provide accurate intelligence on the relevant steel markets. We make our best endeavours to be assured that the information is correct and that our analysis is reliable.

Our predictions are based on a wide experience of steel consumption patterns. The econometric models we have constructed take into account raw material costs, macro-economic factors, past price trends and the dynamics of the market. However, steel prices can be influenced by a number of other factors. These include currency exchange rates,  trade regulations including import safeguard measures, anti-dumping actions and other government interference in normal trade patterns. More than one third of all steel produced is sold outside the country of manufacture. Accordingly, changes in market conditions in one country can impact on pricing in other parts of the world. Consequently, these forecasts should be used only as a guide to future tendencies. MEPS (INTERNATIONAL) LTD cannot be made liable for any loss resulting from the use of this data however it may arise.
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