According to the scrap price index issued by the European Steel Association (Eurofer), scrap prices in the European Union (EU) in June followed a mild downtrend, posting decreases in the range of 5.5-6.5 percent compared to May. In June, the year-on-year comparison is negative for all scrap qualities, while new arisings have dipped by a double digit percentage figure year on year. The scrap indexes for the first six months of the year were also down on year-on-year basis.
EU scrap prices index, June 2012 | |||
Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
Demolition scrap (E3) | 305 | -5.86 | -8.13 |
New arisings (E2/E8/E6) | 301 | -5.64 | -11.47 |
Shredded (E40) | 300 | -6.54 | -9 |
EU scrap prices index, January-June 2012 | ||
Quality | Value | Variation y-o-y (%) |
Demolition scrap (E3) | 322 | -2.76 |
New arisings (E2/E8/E6) | 315 | -7.12 |
Shredded (E40) | 317.83 | -2.59 |
*Note: 2001 average=100, indexes are based on €/mt average prices in France, Germany, Italy, Spain and United Kingdom.