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MEPS - NORTH AMERICAN CARBON STEEL PRICE
INDEX - WITH INDIVIDUAL PRODUCT FORECASTS
(Based on US$/tonne values)
JAN 1997 = 100
All tables and forecasts are updated
monthly.
Copyright © 2012
by MEPS International Ltd.
Note:- Steel prices
are computed from a weighted average of the low prices identified
in USA (midwest) and Canada collected in national currencies and
converted into US Dollars 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 = 100. Canada added from April 2004.
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
prices are also available for USA and Canada in MEPS International
Steel Review
Click here
for product and price definitions
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 these price forecasts however it may arise. (See
License Terms and Conditions)
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