MEPS - COMPOSITE STAINLESS STEEL PURCHASING PRICE AND INDEX GRADE 316

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  
Jun-2016  2850  112.8  2925  116.8  2778  102.1  2848  121.0 
Jul-2016  2914  115.4  2959  118.2  2819  103.6  2964  125.9 
Aug-2016  3018  119.5  3127  124.9  2895  106.4  3030  128.7 
Sep-2016  3087  122.2  3259  130.2  2986  109.8  3015  128.1 
Oct-2016  3044  120.5  3193  127.5  2899  106.6  3039  129.1 
Nov-2016  3098  122.6  3236  129.3  2980  109.5  3078  130.7 
Dec-2016  3162  125.2  3258  130.1  3035  111.6  3194  135.7 
Jan-2017  3337  132.1  3431  137.0  3403  125.1  3178  135.0 
Feb-2017  3399  134.6  3606  144.0  3328  122.3  3265  138.7 
Mar-2017  3337  132.1  3503  139.9  3348  123.1  3159  134.2 
Apr-2017  3406  134.8  3651  145.8  3408  125.3  3160  134.2 
May-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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