According to indexes issued by the European Steel Association (EUROFER), in October this year local scrap prices in the European Union (EU) indicated a 17 percent decrease compared to the previous month, continuing the month-on-month declines which started last June.
Meanwhile, in October, significant decreases, of 39.4 percent on average, were recorded on year-on-year basis, as shown in the following table:
EU scrap price indexes: October 2015 | |||
Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
Demolition scrap (E3) | 153 | -18.18 | -40 |
New arisings (E2/E8/E6) | 157 | -15.59 | -37.45 |
Shredded (E40) | 149 | -18.13 | -40.64 |
*Notes: 2001 average = 100; indexes are based on €/mt average prices in France, Germany, Italy, Spain and the United Kingdom.