Brussels, 2 March 2016 – Due to reasons beyond the European Steel Association’s (EUROFER) control, the Scrap Price Indices are being closed indefinitely. This change takes place with immediate effect.
EUROFER regrets that the publication of the EUROFER Scrap Price Indices has had to be definitively terminated. This stoppage has been caused by a force majeure situation in which the data sourced from a range of countries covered by the indices has become impossible to obtain.
No substitute index is expected to be developed to replace the Scrap Price Index.
EUROFER apologises for any inconvenience caused by this outcome.
Charles de Lusignan, Communications Manager, +32 2 738 79 35, (firstname.lastname@example.org)
Aurelio Braconi, Raw Materials & Scrap Market, +32 2 738 79 51, (email@example.com)
A PDF version of this press release is available: here
EUROFER is located in Brussels and was founded in 1976. It represents the entirety of steel production in the European Union. EUROFER members are steel companies and national steel federations throughout the EU. The major steel companies and national steel federations in Switzerland and Turkey are associate members.
The European steel industry is a world leader in innovation and environmental sustainability. It has a turnover of around €170 billion and directly employs 330,000 highly-skilled people, producing on average 170 million tonnes of steel per year. More than 500 steel production sites across 24 EU Member States provide direct and indirect employment to millions more European citizens. Closely integrated with Europe’s manufacturing and construction industries, steel is the backbone for development, growth and employment in Europe.
Steel is the most versatile industrial material in the world. The thousands of different grades and types of steel developed by the industry make the modern world possible. Steel is 100% recyclable and therefore is a fundamental part of the circular economy. As a basic engineering material, steel is also an essential factor in the development and deployment of innovative, CO2-mitigating technologies, improving resource efficiency and fostering sustainable development in Europe.