According to the indexes issued by the European Steel Association (Eurofer), local scrap prices in the European Union (EU) in May remained stable compared to April levels, while the year-on-year comparisons indicate decreases of around 4.9 percent for the various scrap grades surveyed. The following table indicates the scrap index movements in May:
EU scrap prices index, May 2012 | |||
Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
Demolition scrap (E3) | 266 | 0 | -5 |
New arisings (E2/E8/E6) | 264 | 0 | -5.04 |
Shredded (E40) | 262 | 0 | -4.73 |
*Explanations: 2001 average=100, indexes are based on €/ton average prices in France, Germany, Italy, Spain and United Kingdom.