Scrap follows downward trend on Orbis Steel Index

Monday, 13 July 2015 15:43:07 (GMT+3)   |   Istanbul
       

In the week from July 6 to July 12, on the Orbis Steel Index the scrap indexes moved downwards. In the given week, the Turkish rebar index maintained its downward trend, while the Turkish flat rolled indexes mostly followed a stable trend.
 
As per the Orbis Steel Index data, the index movements in the week from July 6 to July 12 as per product are as follows:
 
Turkish Scrap Index decreased by 4.75 percent week on week to 99.05.
 
US (East Coast) HMS I/II Scrap Export Index continued to move downwards, with the index value falling 4.15 percent week on week to 97.88.
 
Turkish Rebar Index went down by 2.01 percent to 94.35 compared to the previous week.
 
Turkish HRC Index moved downwards in the given week. The index value decreased by 2.19 percent to 72.76 compared to the previous week.
 
Black Sea HRC Export Index remained stable, with the index value staying at 68.01.
 
Turkish HDG Index has not shown any changes compared to the previous week. The index value remained at 80.76.

Turkish CRC Index maintained its sideways movement, with the index value remaining unchanged at 77.05.
 
*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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