Turkish scrap increases on Orbis Steel Index

Monday, 26 August 2013 14:36:09 (GMT+3)   |   Istanbul
       

In the week from August 19 to August 25, on the Orbis Steel Index the Turkish scrap index value increased while the US (East Coast) HMS I/II scrap export index moved sideways. In the given week, the Turkish rebar index started to increase again. Meanwhile, the Turkish flat rolled product indexes continued to indicate either downward or sideways movement.

As per the Orbis Steel Index data, the index movements in the week from August 19 to August 25 as per product are as follows:

Turkish Scrap Index increased by 0.89 percent week on week to 160.85.

US (East Coast) HMS I/II Scrap Export Index moved sideways in the given week, with the index value staying at 162.82.

Turkish Rebar Index moved upwards. The index value increased by 0.64 percent to 151.43 compared to the previous week.

Turkish HRC Index decreased by 1.58 percent to 101.22 compared to the previous week.

Black Sea HRC Export Index moved downwards in the week in question, with the index value falling 0.46 percent week on week to 101.66.

Turkish HDG Index switched to sideways movement, with the index value remaining at 105.36.

Turkish CRC Index started to decrease, with the index value falling 0.66 percent to 102.4.

*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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