MEPS - COMPOSITE STAINLESS STEEL PURCHASING PRICE AND INDEX GRADE 304

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  2143  114.2  2227  123.9  2165  104.1  2037  116.3 
Sep-2016  2195  117.0  2326  129.4  2231  107.3  2027  115.7 
Oct-2016  2158  115.0  2274  126.5  2150  103.4  2050  117.0 
Nov-2016  2235  119.1  2325  129.3  2255  108.4  2126  121.3 
Dec-2016  2293  122.2  2357  131.1  2315  111.3  2205  125.9 
Jan-2017  2477  132.0  2495  138.8  2697  129.7  2239  127.8 
Feb-2017  2530  134.8  2659  147.9  2626  126.3  2304  131.5 
Mar-2017  2480  132.1  2572  143.1  2621  126.1  2245  128.1 
Apr-2017  2507  133.6  2659  147.9  2637  126.8  2226  127.0 
May-2017  2444  130.3  2613  145.3  2602  125.1  2117  120.8 
Jun-2017  2358  125.7  2533  140.9  2499  120.2  2042  116.6 
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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