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  
Jan-2018  2544  135.6  2792  155.3  2525  121.4  2314  132.1 
Feb-2018  2659  141.7  2934  163.2  2645  127.2  2398  136.8 
Mar-2018  2703  144.0  2887  160.6  2785  133.9  2437  139.1 
Apr-2018  2784  148.4  2922  162.5  2989  143.7  2442  139.3 
May-2018  2780  148.2  2879  160.1  3041  146.2  2422  138.2 
Jun-2018  2804  149.4  2882  160.3  3081  148.1  2450  139.8 
Jul-2018  2820  150.3  2841  158.0  3208  154.3  2410  137.5 
Aug-2018  2775  147.9  2833  157.6  3133  150.7  2359  134.6 
Sep-2018  2682  142.9  2736  152.2  2955  142.1  2357  134.5 
Oct-2018  2574  137.2  2620  145.7  2800  134.6  2302  131.4 
Nov-2018  2527  134.7  2525  140.4  2795  134.4  2262  129.1 
Dec-2018  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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