MEPS - MACHINERY (INCORPORATING GENERAL ENGINEERING) 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 historical data going back to January 2007. A chart showing both historical and future trends will be displayed, together with a brief commentary on the likely tendencies. The data is dispatched by email in excel format usually around the last day of the month. The annual subscription rate is GBP 425.00 per sector/region. Please contact MEPS if you wish to subscribe.

To view the latest indices you are required to subscribe to our on-line subscription service. Price data is updated monthly with the latest indexes (not forecasts) and include a rolling two year historical series.

Copyright © 2012 by MEPS International Ltd.

Note:- MEPS commenced its field research programme by entering into discussions with steel buyers in the main industrial sectors across the world. Many of these are current subscribers to our services. From the information gathered plus published data and MEPS analysis, we were able to make an assessment of the usage, by rolled steel product, for each industrial sector. Regional differences were accommodated where necessary. Using the above criteria, in conjunction with MEPS researched values, a notional January 2007 average steel price was calculated for each industrial sector. These were referenced index 100. All subsequent index values have been taken from this point.

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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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