According to the indexes issued by the European Steel Association (Eurofer), local scrap prices in the European Union (EU) in July indicated only very slight increases compared to the previous month. Compared to the same month of last year, the same indexes showed slight changes, though positive.
The following table indicates the scrap index movements in July:
EU scrap prices index, July 2014 | |||
Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
Demolition scrap (E3) | 267 | +0.8 | +3.5 |
New arisings (E2/E8/E6) | 262 | +0.8 | +1.9 |
Shredded (E40) | 262 | +1.2 | +3.1 |
*Notes: 2001 average = 100, indexes are based on €/mt average prices in France, Germany, Italy, Spain and the United Kingdom.