Turkish scrap picks up on Orbis Steel Index

Monday, 10 March 2014 12:20:46 (GMT+3)   |   Istanbul
       

In the week from March 3 to March 9, on the Orbis Steel Index the Turkish scrap index moved upwards, while the US (East Coast) HMS I/II scrap export index maintained its sideways movement. In the given week, the Turkish rebar index moved downwards, while the Turkish flat rolled product indexes followed a stable trend.

As per the Orbis Steel Index data, the index movements in the week from March 3 to March 9 as per product are as follows:
 
Turkish Scrap Index moved upwards. The index value increased by 1.54 percent to 156.49 compared to the previous week.
 
US (East Coast) HMS I/II Scrap Export Index maintained its sideways movement, with the index value remaining at 148.94.
 
Turkish Rebar Index decreased by 0.93 percent to 148.39 compared to the previous week.
 
Turkish HRC Index continued to move sideways in the given week. The index value stayed at 96.75.
 
Black Sea HRC Export Index switched to sideways movement, with the index value remaining at 102.13.
 
Turkish HDG Index has not shown any changes compared to the previous week. The index value remained at 99.68.
 
Turkish CRC Index continued to move sideways, with the index value staying at 95.89.
 
*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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