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.
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EU scrap price indexes: November 2013 |
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|
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.
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EU scrap price indexes: Jan-Nov 2013 |
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|
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 |