Scrap continues to increase on Orbis Steel Index

Monday, 14 August 2017 17:49:49 (GMT+3)   |   Istanbul
       

In the week from August 7 to August 13, on the Orbis Steel Index the scrap indexes continued to increase, the Turkish rebar index moved on an upward trend, while the Turkish flat rolled indexes indicated upward movement.

As per the Orbis Steel Index data, the index movements in the week from August 7 to August 13 as per product are as follows:

Turkish Scrap Index moved upwards, with the index value rising by 3.97 percent week on week to 134.95. 

US (East Coast) HMS I/II Scrap Export Index continued to increase, with the index value increasing by 5.1 percent week on week to 155.06.   

Turkish Rebar Index increased by 2.74 percent week on week to 123.88.  

Turkish HRC Index moved upwards, with the index value rising by 4.79 percent week on week to 90.5.

Black Sea HRC Export Index indicated upward movement. The index value increased by 5.99 percent week on week to 100.72 percent.   

Turkish HDG Index switched to upward movement in the given week. The index increased by 1.31 percent week on week to 97.79. 

Turkish CRC Index moved upwards. The index value increased by 1.49 percent to 93.15 compared to the previous week.

*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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