In November this year, local French steel scrap prices have generally stopped decreasing on month-on-month basis, indicating variations between -€ 4/mt ($4.2/mt) and +€5/mt ($5.3/mt) compared to October, according to the latest data issued by the French Steel Federation (FFA).
On year-on-year basis, in November local French scrap prices decreased by a significant €86/mt ($91/mt) on average, as shown in the following table:
Category | Price: November 2015 (€/mt) | Price: October 2015 (€/mt) | Price: September 2015 (€/mt) | Price: November 2014 (€/mt) |
E1C (HMS II) | 136 ($144/mt) | 133 ($141/mt) | 173 ($183/mt) | 220 ($233/mt) |
E3 (HMS I) | 148 ($157/mt) | 148 ($157/mt) | 190 ($201/mt) | 234 ($248/mt) |
E40 (Shredded) | 154 ($163/mt) | 149 ($158/mt) | 192 ($204/mt) | 243 ($258/mt) |
E5M (Turnings) | 115 ($122/mt) | 115 ($122/mt) | 154 ($163/mt) | 196 ($208/mt) |
E8 (Busheling) | 150 ($159/mt) | 153 ($162/mt) | 196 ($208/mt) | 240 ($254/mt) |
€1 = $1.06