According to the scrap index of the European Steel Federation (EUROFER), scrap prices in the European Union decreased in December compared to the same month 2010, while the index showed a recovery compared to the values recorded in November.
EU scrap prices index, December 2011 | |||
Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
Demolition scrap | 301 | +3.43 | -3.83 |
New arisings | 301 | +2.38 | -7.38 |
Shredded | 300 | +4.52 | -2.59 |
*Notes: 2001 average=100. The indexes are based on €/mt average prices in France, Germany, Italy, Spain and the United Kingdom.