US STEEL PRICES OUTPERFORM MEPS WORLD INDEX

摘要

Nowhere during the recent boom in steel prices, have values soared faster than in the USA. From being roughly in line with global figures for most of the last 12/15 months, US hot rolled prices have skyrocketed in the last few months to levels never seen in the previous twenty five years. All regions have been affected by the shortage of ferrous raw materials caused by China's voracious demand. Our World steel prices reflect this. The MEPS World Hot Rolled Coil Index has gone up from 72.7 in March 2002 to 134.6 this month, while our World Cold Rolled Coil Index has risen from 66.9 to 118.6 over the same period.