According to indexes issued by the European Steel Association (EUROFER), in June this year local scrap prices in the European Union (EU) indicated a very slight decrease compared to the previous month, following the €10/mt month-on-month increase recorded in April and the slight increase recorded in May.
Meanwhile, in June, significant decreases were recorded on year-on-year basis, as shown in the following table:
| EU scrap price indexes: June 2015 | |||
| Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
| Demolition scrap (E3) | 242 | -0.82 | -8.68 |
| New arisings (E2/E8/E6) | 233 | 0 | -10.38 |
| Shredded (E40) | 236 | -0.42 | -8.88 |
*Notes: 2001 average = 100; indexes are based on €/mt average prices in France, Germany, Italy, Spain and the United Kingdom.