Scrap moves down on Orbis Steel Index

Tuesday, 27 September 2016 13:46:01 (GMT+3)   |   Istanbul
       

In the week from September 19 to September 25, on the Orbis Steel Index the scrap indexes moved downwards, the Turkish rebar index declined, while the Turkish flat rolled indexes indicated upward movement.
 
As per the Orbis Steel Index data, the index movements in the week from September 19 to September 25 as per product are as follows:
 
Turkish Scrap Index maintained its downward movement. The index value decreased by 4.19 percent to 86.91 compared to the previous week.
   
US (East Coast) HMS I/II Scrap Export Index decreased by 4.09 percent week on week to 93.88.
                                                                  
Turkish Rebar Index moved down by 2.17 percent week on week to 88.61.
 
Turkish HRC Index switched to upward movement, with the index value increasing by 2.13 percent week on week to 68.89. 
 
Black Sea HRC Export Index increased by 0.64 percent to 75.43 compared to the previous week. 
 
Turkish HDG Index rose by 6.78 percent week on week to 79.5. 
 
Turkish CRC Index moved upwards, rising by 1.8 percent week on week to 77.4.
 
*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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