Turkish scrap maintains upward movement on Orbis Steel Index

Monday, 22 August 2016 17:13:20 (GMT+3)   |   Istanbul
       

In the week from August 15 to August 21, on the Orbis Steel Index the Turkish scrap index moved upwards, while the US (East Coast) HMS I/II scrap export index continued to remain stable. In the given week, the Turkish rebar index continued to decrease, while the Turkish flat rolled indexes mostly indicated sideways movement.
 
As per the Orbis Steel Index data, the index movements in the week from August 15 to August 21 as per product are as follows:
 
Turkish Scrap Index moved upwards, with the index value rising 1.0 percent to 92.85 compared to the previous week.  
   
US (East Coast) HMS I/II Scrap Export Index moved sideways in the given week, with the index value remaining at 101.65. 
                                                                  
Turkish Rebar Index continued to decline. The index value fell 1.23 percent to 91.69 compared to the previous week. 
 
Turkish HRC Index increased by 0.89 percent week on week to 65.72.
 
Black Sea HRC Export Index continued to increase, with the index value rising 2.26 percent week on week to 72.34. 
 
Turkish HDG Index moved sideways, remaining at 71.29.  
 
Turkish CRC Index continued to move sideways, with the index value remaining at 76.03. 
 
*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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