Local scrap prices in the European Union (EU) in November this year increased by 4.23-5.36 percent compared to the previous month, according to indexes issued by the European Steel Association (EUROFER).
Meanwhile, decreases in the range of 4.47-5.24 percent were recorded on year-on-year basis, smaller than the year-on-year decreases seen in the first half of the current year.
EU scrap price indexes: November 2013 | |||
Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
Demolition scrap (E3) | 278 | +4.51 | -4.47 |
New arisings (E2/E8/E6) | 271 | +4.23 | -5.24 |
Shredded (E40) | 275 | +5.36 | -5.17 |
In the first 11 months this year, declines in the range of 9.28-9.31 percent were observed for demolition scrap and new arisings, while the shredded scrap price index decreased by 16 percent, year on year.
EU scrap price indexes: Jan-Nov 2013 | ||
Quality | Value | Variation y-o-y (%) |
Demolition scrap (E3) | 278.9 | -9.28 |
New arisings (E2/E8/E6) | 274.6 | -9.31 |
Shredded (E40) | 275.36 | -16.60 |