According to indexes issued by the European Steel Association (EUROFER), in December last year local scrap prices in the European Union (EU) indicated a three percent increase compared to the previous month.
Meanwhile, in December significant decreases of 33 percent on average were recorded on year-on-year basis, as shown in the following table:
| EU scrap price indexes: December 2015 | |||
| Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
| Demolition scrap (E3) | 159 | +3.92 | -33,47 |
| New arisings (E2/E8/E6) | 157 | +1.29 | -33.19 |
| Shredded (E40) | 157 | +3.97 | -32.91 |
*Notes: 2001 average = 100; indexes are based on €/mt average prices in France, Germany, Italy, Spain and the United Kingdom.