According to the scrap index issued by the European Steel Association (EUROFER), local scrap prices in the EU in July followed a mild downtrend for the second month in a row, posting decreases in the range of 4-5 percent compared to June. The year-on-year comparison is negative for all scrap qualities by a double-digit percentage figure:
EU scrap prices index, July 2012 |
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Quality |
Value |
Variation m-o-m (%) |
Variation y-o-y (%) |
Demolition scrap (E3) |
290 |
-4.91 |
-10.49 |
New arisings (E2/E8/E6) |
289 |
-3.98 |
-13.73 |
Shredded (E40) |
286 |
-4.66 |
-10.06 |
When we consider the average value of the indexes in the first seven months of 2012, the year-on-year price reduction for new arisings stands out, with the decreases for other categories not reaching four percent.
EU scrap prices index, Jan-Jul 2012 |
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Quality |
Value |
Variation y-o-y (%) |
Demolition scrap (E3) |
317.42 |
-3.85 |
New arisings (E2/E8/E6) |
311.28 |
-8.06 |
Shredded (E40) |
313.28 |
-3.64 |
*Explanations: 2001 average=100, indexes are based on €/ton average prices in France, Germany, Italy, Spain and United Kingdom.