Scrap continues to decline on Orbis Steel Index

Monday, 25 January 2016 14:57:29 (GMT+3)   |   Istanbul
       

In the week from January 18 to January 24, on the Orbis Steel Index the scrap indexes continued to decrease. In the given week, the Turkish rebar index declined slightly, while the Turkish flat rolled product indexes moved sideways.
 
As per the Orbis Steel Index data, the index movements in the week from January 18 to January 24 as per product are as follows:
 
Turkish Scrap Index maintained its downward movement, with the index value falling by 2.32 percent week on week to 72.32. 
 
US (East Coast) HMS I/II Scrap Export Index decreased by 0.27 percent to 83.53 compared to the previous week. 
  
Turkish Rebar Index moved downwards by 0.05 percent week on week to 76.36. 
 
Turkish HRC Index has not shown any changes compared to the previous week. The index value stayed at 57.32. 
 
Black Sea HRC Export Index started to move downwards, with the index value falling 1.89 percent week on week to 49.29. 
 
Turkish HDG Index switched to sideways movement. The index value remained at 74.45.
  
Turkish CRC Index remained stable in the given week, with the index value staying at 60.27.

*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.

Similar articles

How will the US steel industry fare under the Biden administration?

09 Nov | Steel News

Turkish scrap up on Orbis Steel Index

15 Oct | Steel News

Turkish scrap rises on Orbis Steel Index

10 Oct | Steel News

Turkish scrap declines on Orbis Steel Index

01 Oct | Steel News

Scrap picks up on Orbis Steel Index

03 Sep | Steel News

Turkish scrap remains flat on Orbis Steel Index

28 Aug | Steel News

Scrap declines on Orbis Steel Index

06 Aug | Steel News

Turkish scrap remains almost flat on Orbis Steel Index

30 Jul | Steel News

Scrap continues to decrease on Orbis Steel Index

23 Jul | Steel News

Scrap declines on Orbis Steel Index

16 Jul | Steel News