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  
May-2017  3361  133.1  3651  145.8  3398  124.9  3034  128.9 
Jun-2017  3251  128.7  3539  141.4  3254  119.6  2960  125.7 
Jul-2017  3127  123.8  3426  136.8  2983  109.6  2972  126.2 
Aug-2017  3204  126.8  3444  137.5  3003  110.4  3165  134.4 
Sep-2017  3364  133.2  3512  140.3  3258  119.8  3323  141.2 
Oct-2017  3506  138.8  3711  148.2  3559  130.8  3247  137.9 
Nov-2017  3471  137.4  3695  147.6  3449  126.8  3269  138.9 
Dec-2017  3594  142.3  3960  158.2  3503  128.8  3318  140.9 
Jan-2018  3526  139.6  3895  155.6  3376  124.1  3308  140.5 
Feb-2018  3754  148.6  4194  167.5  3637  133.7  3430  145.7 
Mar-2018  3870  153.2  4207  168.0  3858  141.8  3545  150.6 
Apr-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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