Free World Steel Prices
MEPS – ALL CARBON STEEL PRODUCTS COMPOSITE PRICE & INDEX
(Based on US$/tonne values)
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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