MEPS - FLAT AND LONG STEEL PRODUCTS COMPOSITE PRICES

All prices are in US Dollars per tonne

Month  Flat products World  Flat products EU  Flat products N. America  Flat products Asia  Long products World  Long products EU  Long products N. America  Long products Asia  
Feb-2016  465  416  565  415  458  421  590  363 
Mar-2016  485  430  583  443  463  421  589  380 
Apr-2016  535  496  629  480  498  463  616  416 
May-2016  614  586  740  515  559  578  652  446 
Jun-2016  631  581  810  503  542  553  650  422 
Jul-2016  627  562  807  511  534  521  649  432 
Aug-2016  629  566  792  528  539  525  648  444 
Sep-2016  613  577  742  519  520  498  624  439 
Oct-2016  603  593  692  524  503  472  599  439 
Nov-2016  608  593  696  534  505  475  592  448 
Dec-2016  664  656  786  549  520  497  607  457 
Jan-2017  691  665  835  573  529  495  626  465 
Feb-2017  Latest prices available on subscription
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Copyright © 2016 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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