MEPS Steel Indices are here to help you understand Stainless Steel price developments across multiple products and markets. Unlike our MEPS Steel Prices, these data tables provide you with the relative change instead of the actual price. This data table covers the Stainless Steel market in World. If you are looking for a different market or product, you can choose your preferred options at the bottom of this page.
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Index based on prices in US dollars per tonne. April 1997 = 100
Stainless Steel 316 Composite Index
MEPS regional average stainless steel 316 composite indices are derived from a weighted average of prices for all grade 316 stainless steel products in the flat and long categories. The weighting is based on the consumption of individual stainless steel products in a specified region. Prices are collected in the appropriate local currency and converted into US dollars to provide a basis for comparison. Indices are calculated by comparing the current price with the corresponding value in April 1997. This base value has an index number of 100.