MEPS - FERROUS SCRAP PRICES

Dec-2017Jan-2018Feb-2018Mar-2018Apr-2018May-2018Jun-2018Jul-2018
Domestic Ferrous Scrap Prices (Local currency/tonne)
China2109204521632066

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GBP 250 Buy
India21373241512518525825
Japan35000360003450034500
Russia11965137141378614729
European Union267274254280
United States278314314332
Dec-2017Jan-2018Feb-2018Mar-2018Apr-2018May-2018Jun-2018Jul-2018
Domestic Ferrous Scrap Prices (US Dollars/tonne equivalent)
China319314343325

Subscribe to local currency and US Dollar price tables

GBP 250 Buy
India331381394396
Japan313321315323
Russia203240246259
European Union318330317342
United States278314314332

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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