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JAN 2007 = 100
(Based on US$/tonne values)

Household Appliances - Covers the steel purchases used in the manufacture of kitchen equipment, electrical appliances, plus heating and air conditioning units.

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Copyright 2016 by MEPS International Ltd.
Prices in the above table are for reference only. No data may be reproduced in any manner whatsoever without written permission from MEPS.

Note:- MEPS commenced its field research programme by entering into discussions with steel buyers in the main industrial sectors across the world. Many of these are current subscribers to our services. From the information gathered plus published data and MEPS analysis, we were able to make an assessment of the usage, by rolled steel product, for each industrial sector. Regional differences were accommodated where necessary. Using the above criteria, in conjunction with MEPS researched values, a notional January 2007 average steel price was calculated for each industrial sector. These were referenced index 100. All subsequent index values have been taken from this point.

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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All price and market data is researched by MEPS staff and our local correspondents. The information in the tables, charts and commentaries has been calculated from respondents who we consider provide accurate intelligence on the relevant steel markets. We make our best endeavours to be assured that the information is correct and that our analysis is reliable.

Our predictions are based on a wide experience of steel consumption patterns. The econometric models we have constructed take into account raw material costs, macro-economic factors, past price trends and the dynamics of the market. However, steel prices can be influenced by a number of other factors. These include currency exchange rates, trade regulations including import safeguard measures, anti-dumping actions and other government interference in normal trade patterns. More than one third of all steel produced is sold outside the country of manufacture. Accordingly, changes in market conditions in one country can impact on pricing in other parts of the world. Consequently, these forecasts should be used only as a guide to future tendencies. MEPS (INTERNATIONAL) LTD cannot be made liable for any loss resulting from the use of these price forecasts however it may arise.

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