According to the indexes issued by the European Steel Association (EUROFER), local scrap prices in the European Union (EU) in January this year indicated an increase on month-on-month basis for the third month in a row.
Compared to December 2012, in January the new arisings price index saw a greater increase compared to shredded and demolition scrap. However, the year-on-year variation was negative for all the scrap categories in question.
EU scrap prices index, Jan. 2013 |
|||
Quality |
Value |
Variation m-o-m (%) |
Variation y-o-y (%) |
Demolition scrap (E3) |
305 |
+2 |
-6.44 |
New arisings (E2/E8/E6) |
298 |
+2.75 |
-6.58 |
Shredded (E40) |
303 |
+2.02 |
-5.6 |
*Notes: 2001 average = 100; indexes are based on €/mt average prices in France, Germany, Italy, Spain and United Kingdom.