MEPS - FERROUS SCRAP PRICES

Sep-2016Oct-2016Nov-2016Dec-2016Jan-2017Feb-2017Mar-2017Apr-2017
Domestic Ferrous Scrap Prices (Local currency/tonne)
China14531423153715591506

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GBP 220 Buy
India1597815561161531611117112
Japan1900019000230002500025500
Russia95009700102501240012400
European Union168161198203221
United States193172202240278
Sep-2016Oct-2016Nov-2016Dec-2016Jan-2017Feb-2017Mar-2017Apr-2017
Domestic Ferrous Scrap Prices (US Dollars/tonne equivalent)
China218213227226217

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GBP 220 Buy
India239234242236252
Japan184187220219217
Russia144156162195205
European Union188180219216232
United States193172202240278

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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