According to indexes issued by the European Steel Association (EUROFER), in May this year local scrap prices in the European Union (EU) remained generally stable compared to the previous month, following the €10/mt month-on-month increase recorded in April.
Meanwhile, in May, significant decreases were recorded on year-on-year basis, as shown in the following table:
EU scrap price indexes: May 2015 | |||
Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
Demolition scrap (E3) | 244 | +2.09 | -8.27 |
New arisings (E2/E8/E6) | 233 | +0.43 | -11.74 |
Shredded (E40) | 237 | +0.85 | -9.54 |
*Notes: 2001 average = 100; indexes are based on €/mt average prices in France, Germany, Italy, Spain and the United Kingdom.