In May this year, local French steel scrap prices have mostly indicated just a slight increase compared to April, according to the latest data issued by the French Steel Federation (FFA).
In May, while prices of busheling (E8) decreased by less than €1/mt compared to April, prices of other scrap grades indicated month-on-month price increases in the range of €1-6/mt.
However, on year-on-year basis, in May local French scrap prices decreased by a significant €25/mt on average, as shown in the following table:
Category | Price: May 2015 (€/mt) | Price: Apr. 15 (€/mt) | Price: May. 2014 (€/mt) |
E1C (HMS II) | 217 ($243/mt) | 216 ($242/mt) | 241 ($270/mt) |
E3 (HMS I) | 234 ($262/mt) | 233 ($261/mt) | 259 ($290/mt) |
E40 (Shredded) | 244 ($273/mt) | 238 ($267/mt) | 268 ($300/mt) |
E5M (Turnings) | 198 ($222/mt) | 193 ($216/mt) | 219 ($245/mt) |
E8 (Busheling) | 237 ($265/mt) | 238 ($267/mt) | 268 ($300/mt) |
€1 = $1,12