MEPS - COMPOSITE
STAINLESS STEEL PRICE & INDEX -
on US$/tonne values)
1997 = 100
All figures are updated monthly.
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Copyright © 2014
by MEPS International Ltd.
Note:- Composite prices
are a weighted average of the low transaction values for all grade
316 stainless steel products in the flat & long categories
identified in three regions (EU, Asia, and North America), converted
into US Dollars using currency exchange rates effective at the start
of each month to provide a basis for comparisons.
Index is based on April 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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and market information for hot rolled plate, hot and cold rolled
strip, plus two bar products. Two austenitic and ferritic grades are
assessed in thirteen countries around the world covering 65% of
global consumption available in
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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
endeavours 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)