EU scrap consumption falls four percent in January

Thursday, 12 April 2012 17:36:18 (GMT+3)   |  
       

In January this year, total scrap consumption in the European Union (EU) fell by four percent year on year and was up 21.2 percent compared to December last year, amounting to 7.6 million mt, according to the preliminary data from the European Steel Association (EUROFER).

Major scrap consumer markets in the EU in January:

 

Jan 2011

Jan 2012

Italy

1,592

1,710

Germany

1,473

1,432

Spain

1,113

894

France

677

769

Poland

439

518

EU total

7,929

7,614

Tonnage figures are x 1,000 mt.

Meanwhile, in the European Union local scrap prices increased in March this year compared to February levels. For the fourth straight month scrap prices in the EU recorded a year-on-year decline in March.

EU scrap price index, March 2012

Quality

Value

Variation m-o-m (%)

Variation y-o-y (%)

Demolition scrap (E3)

329

3.13

-0.9

New arisings (E2/E8/E6)

322

4.21

-5

Shredded (E40)

326

3.82

-0.9

*Notes: 2001 average=100; the indexes are based on €/mt average prices in France, Germany, Italy, Spain and United Kingdom.


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