MEPS - WORLD RAW MATERIAL AND SEMI FINISHED STEEL PURCHASING PRICE INDEX (SPPI)

Month  Scrap  Iron Ore  Coking Coal  Raw Materials Weighted Average  Billet  Bloom  Slab  Semi Finished Weighted Average  
Feb-2017  58.9  64.9  72.0  64.1  61.9  70.2  70.0  67.5 
Mar-2017  61.6  61.7  72.9  64.3  65.1  68.6  72.3  68.6 
Apr-2017  59.4  45.9  97.1  63.2  63.5  73.0  73.2  69.9 
May-2017  57.5  41.5  71.0  54.8  64.3  72.8  71.0  69.4 
Jun-2017  57.8  37.6  63.6  51.8  64.4  69.9  67.5  67.3 
Jul-2017  60.3  44.4  67.5  56.2  68.0  71.3  68.7  69.4 
Aug-2017  65.8  51.6  81.5  64.3  77.6  79.4  77.6  78.3 
Sep-2017  70.2  44.4  86.2  64.5  77.7  83.0  82.9  81.2 
Oct-2017  66.6  40.2  74.5  58.8  75.4  82.7  81.3  79.9 
Nov-2017  68.0  40.7  76.6  60.1  75.2  82.4  78.8  78.9 
Dec-2017  73.7  45.4  84.8  66.0  79.2  84.3  81.5  81.8 
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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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