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Free World Steel Prices

MEPS – ALL CARBON STEEL PRODUCTS COMPOSITE PRICE & INDEX

(Based on US$/tonne values)

Forecasts and historical data available on subscription – click here for more information

 

Note:- Composite prices are a weighted average of the low transaction values for all carbon steel products in the flat & long categories identified in three regions (EU, Asia, and North America), converted into US Dollars using currency exchange rates effective at the start of each month to provide a basis for comparisons. These rates are utilised for our forecasts.

Index is based on January 1997 = 100.

To calculate an index number, divide the selected month’s price by the starting (base) value. Then multiply by 100.

For example: Index number = ($720 / $500) x 100 = 144. To calculate the month-on-month percentage change, divide this month’s value by last month’s value. Then subtract 1 and multiply by 100. For example: Percentage change = (120 / 110) -1) x 100 = +9%.

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