According to the scrap index of the European Steel Association (EUROFER), local scrap prices in the European Union (EU) decreased in February compared to January levels. Meanwhile, for the third straight month scrap prices in the EU recorded a year-on-year decline in February.
EU scrap price index, February 2012 |
|||
Quality |
Value |
Variation m-o-m (%) |
Variation y-o-y (%) |
Demolition scrap (E3) |
319 |
-2.14 |
-2.14 |
New arisings (E2/E8/E6) |
309 |
-3.13 |
-8.84 |
Shredded (E40) |
314 |
-2.18 |
-2.18 |
*Notes: 2001 average=100; the indexes are based on €/mt average prices in France, Germany, Italy, Spain and United Kingdom.