MEPS - EU CARBON STEEL PRICE INDEX - WITH
INDIVIDUAL PRODUCT FORECASTS
on Euro/tonne values)
1997 = 100
tables and forecasts are updated monthly.
Copyright © 2015 by MEPS
Note:- Prices are computed
from a weighted average (based on consumption) of the low values identified in the top five
consuming countries for each product in the relevant period - collected in national
currencies and converted into Euros using currency exchange rates
effective at the start of each month to provide a basis for
comparisons. These rates are utilised for our forecasts.
Index is based on January 1997 =
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%.
Steel transaction prices are
also available for Germany, France, Italy, UK, Spain, Czech Rep, and
Poland in MEPS International
for product and price definitions
price and market data is researched by MEPS staff and our local
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.
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. (See
License Terms and Conditions)