In January this year, local scrap prices in the European Union (EU) increased by 2-3 percent compared to the previous month, according to indexes issued by the European Steel Association (EUROFER).
Meanwhile, in January, decreases in the range of 13.68-14.29 percent were recorded on year-on-year basis.
EU scrap price indexes: January 2015 | |||
Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
Demolition scrap (E3) | 246 | +2.93 | -13.68 |
New arisings (E2/E8/E6) | 240 | +2.13 | -14.29 |
Shredded (E40) | 241 | +2.99 | -14.23 |
*Notes: 2001 average = 100; indexes are based on €/mt average prices in France, Germany, Italy, Spain and the United Kingdom.