According to indexes issued by the European Steel Association (EUROFER), in February this year, local scrap prices in the European Union (EU) decreased by seven percent compared to the previous month, following the 2-3 percent month-on-month increase in January.
Meanwhile, in February, strong decreases were recorded on year-on-year basis, as shown in the following table:
EU scrap price indexes: February 2015 | |||
Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
Demolition scrap (E3) | 228 | -7,32 | -15,24 |
New arisings (E2/E8/E6) | 224 | -6,67 | -16,10 |
Shredded (E40) | 223 | -7,47 | -15,85 |
*Notes: 2001 average = 100; indexes are based on €/mt average prices in France, Germany, Italy, Spain and the United Kingdom.