MEPS - NORDIC
on €/tonne values)
January 1997 = 100
All figures are updated monthly.
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by MEPS International Ltd.
Prices in the above table are for reference only. No data may be
reproduced in any manner whatsoever without written permission from
Note:- Nordic steel
prices are computed as an arithmetic average of the low transaction
values identified in four countries (Denmark, Sweden, Norway and
Finland), collected in national currencies and converted into Euro's
at a specified date each month to provide a basis for comparisons.
Index is based on January 1997 = 100.
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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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
endeavors 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)