Europe Steel Index
MEPS regional average steel indices for Europe are derived from a weighted average of prices in Germany, France, Italy, Spain and the UK. The weighting is based on steel consumption in the individual countries. Prices are collected in the appropriate local currency and converted into euros to provide a basis for comparison. Indices are calculated by comparing the current price with the corresponding value in January 1997. This base value has an index number of 100.
The data relates to regular business, between buyers and steel mills, for newly produced, prime, commercial quality material, negotiated during the current month, for forward delivery.
Hot Rolled Coil
Germany, France, Italy, Spain: Ex-works. Grade S235JR. Thickness 2-3mm, Width 1100-1549mm.
UK: Ex-works. Grade S275JR. Thickness 2-3mm, Width 1100-1549mm.
Hot Rolled Plate
Germany, France, Italy, Spain: Ex-works. Grade S235JR. Thickness 15-40mm, Width 2000-2500mm.
UK: Ex-works. Grade S275JR. Thickness 15-40mm, Width 2000-2500mm.
Cold Rolled Coil
Germany, France, Italy, Spain, UK: Ex-works. Grade DC01. Thickness 1.00-1.24mm, Width 1100-1549mm.
Hot Dipped Galvanised Coil
Germany, France, Italy, Spain, UK: Ex-works. Grade DX51D+Z. Thickness 1.00-1.24mm, Width 1100-1299mm, Coating Z275.
Electro Zinc Coated Coil
Germany, France, Italy, Spain, UK: Ex-works. Grade DC01+ZE. Thickness 1.00-1.24mm, Width 1100-1299mm, Coating 2.5μm.
Wire Rod (low carbon mesh quality)
Germany, France, Italy, Spain, UK: Effective delivered. Grade SAE1008. Diameter 6-12mm.
Sections & Beams (H beam)
Germany, France, Italy, Spain: Effective delivered. Grade S235JR, S275JR. Category 3, Designation HEB 240.
UK: Effective delivered. Grade S275JR. Designation UC 254.
Rebar
Germany, France: Effective delivered. Grade B500B. Diameter 16-20mm
Italy: Effective delivered. Grade B450C. Diameter 16-20mm.
Spain: Effective delivered. Grade B500SD. Diameter 16-20mm.
UK: Effective delivered. Grade B500C. Diameter 16-20mm.
Merchant Bar (equal angle)
Germany, France, Italy, Spain: Effective delivered. Grade S235JR, S275JR. Dimensions 50x50x5mm.
UK: Effective delivered. Grade S275JR. Dimensions 50x50x6mm.