Scrap continues to decline on Orbis Steel Index

Monday, 13 October 2014 16:44:48 (GMT+3)   |   Istanbul
       

In the week from October 6 to October 12, on the Orbis Steel Index the scrap index values continued to move downwards. In the given week, the Turkish rebar index maintained its declining movement. The Turkish flat rolled indexes have not shown any changes compared to the previous week.
 
As per the Orbis Steel Index data, the index movements in the week from October 6 to October 12 as per product are as follows:
 
Turkish Scrap Index decreased by 1.97 percent week on week to 136.2.

US (East Coast) HMS I/II Scrap Export Index maintained its downward movement, with the index value falling 2.99 percent to 144.94 compared to the previous week.

Turkish Rebar Index moved downward by 1.22 percent week on week to 127.83.

Turkish HRC Index has not shown any changes compared to the previous week, with the index value staying at 100.

Black Sea HRC Export Index maintained its sideways movement. The index value remained at 103.55.

Turkish HDG Index moved sideways in the given week, with the index value staying at 99.68.

Turkish CRC Index continued to move sideways, with the index value staying at 94.52.

*Explanations:

Turkish Scrap Index: based on the weighted average of prices published by SteelOrbis of domestic ferrous scrap purchased weekly by Turkish steel mills, and imported HMS 80/20 CFR Turkey.

Turkish Rebar Index: based on the weighted average of prices published by SteelOrbis of commercial quality deformed steel reinforcing bars produced and sold by Turkish mills and subsequently merchants, both in the domestic market on ex-warehouse basis and for export on FOB Turkey basis.

Turkish HRC Index: based on the weighted average of prices published by SteelOrbis of commercial quality HRC produced or imported, and then sold by Turkish mills on ex-warehouse basis.

01.01.2005 value is 100.


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