Shipbuilding Industry -
Incorporates an average figure for purchases of steel for container
ships, dry bulk carriers, tankers, and general cargo vessels.
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Copyright © 2012
by MEPS International Ltd.
Note:-
Indices are derived from a weighted average of the low transaction
prices of steel products in the relevant sector.
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 definitions
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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