Scrap continues to move up on Orbis Steel Index

Monday, 10 July 2017 17:41:39 (GMT+3)   |   Istanbul
       

In the week from July 3 to July 9, on the Orbis Steel Index the scrap indexes continued to indicate upward movement, the Turkish rebar index maintained its rising movement, while the Turkish flat rolled indexes have indicated upward or sideways movements. 

As per the Orbis Steel Index data, the index movements in the week from July 3 to July 9 as per product are as follows:

Turkish Scrap Index continued to rise, with the index value rising 2.32 percent week on week to 116.05.

US (East Coast) HMS I/II Scrap Export Index continued to rise, with the index value rising 3.02 percent week on week to 132.35.

Turkish Rebar Index continued to move upwards in the given week, with the index value increasing by 1.78 percent week on week to 113.2.

Turkish HRC Index increased by 2.07 percent week on week to 80.03.

Black Sea HRC Export Index rose by 2.22 percent to 87.45 compared to the previous week.

Turkish HDG Index did not show any changes compared to the previous week. The index value remained at 94.01.

Turkish CRC Index switched to upward movement in the given week. The index increased by 1.54 percent week on week to 90.41.

*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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