MEPS - BRIC CARBON STEEL PRICES

All prices are in US Dollars per tonne

Month  Hot Rolled Coil  Hot Rolled Plate  Cold Rolled Coil  Hot Dipped Galvanised Coil  Wire Rod (Mesh)  Structural Sections and Beams  Rebar  Merchant Bar  
Jun-2016  429  427  493  575  372  440  385  400 
Jul-2016  442  452  506  602  385  454  391  413 
Aug-2016  434  445  508  599  372  454  376  408 
Sep-2016  430  436  513  600  379  468  385  424 
Oct-2016  449  451  538  616  387  485  395  440 
Nov-2016  469  473  574  639  411  500  423  446 
Dec-2016  498  496  601  658  437  505  452  460 
Jan-2017  539  553  638  698  467  536  485  498 
Feb-2017  556  565  651  703  480  559  490  511 
Mar-2017  553  576  641  699  494  575  503  528 
Apr-2017  532  569  628  696  492  592  501  545 
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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