MEPS - CONSTRUCTION INDUSTRY STEEL PURCHASING PRICE INDEX - JAN 2007 = 100
 (Based on US$/tonne values)

 
 

Purchasing Price Index Forecasts Now Available! Forecasts are updated monthly and extend for a period of one year into the future with 5 year rolling historical data. A chart showing both historical and future trends will be displayed. The data is updated on the last working day of the month. The annual subscription rate is GBP 310.00 per sector/region.

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Note:- Indices are derived from a weighted average of the low transaction prices of steel products in the relevant sector.

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%.

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All price and market data is researched by MEPS staff and our local correspondents. The information in the tables, charts and commentaries has 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 these price forecasts however it may arise.

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