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MEPS - FERROUS SCRAP METAL PRICE
INDEX
Jan 2009 = 100
All countries HMS 1&2 (80:20) Scrap
Except Japan (H2), Russia (3A), EU (HMS1) and USA (HMS1)
All tables are updated monthly.
Copyright © 2012 by MEPS
International Ltd.
Local currencies as follows -
China – Renminbi
India – Rupee
Japan – Yen
Russia – Ruble
European Union – Euro
United States Mid-West – US Dollar
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.
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%.
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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