Scrap continues its upward trend on Orbis Steel Index

Monday, 12 March 2018 17:33:58 (GMT+3)   |   Istanbul
       

In the week from March 5 to March 11, on the Orbis Steel Index the scrap indexes continued to rise, the Turkish rebar index increased for the fifth consecutive week, while the Turkish flat rolled indexes also moved upwards.

As per the Orbis Steel Index data, the index movements in the week from March 5 to March 11 as per product are as follows:

Turkish Scrap Index maintained its upward movement. The index value went up by 1.87 percent week on week to 149.02. 

US (East Coast) HMS I/II Scrap Export Index continued its rising movement, with the index value increasing by 2.43 percent week on week to 168.35.  

Turkish Rebar Index continued to rise in the given week. The index value rose by 0.95 percent week on week to 144.92. 

Turkish HRC Index moved upwards with the index value rising by 2.71 percent to 105.17 compared to the previous week.

Black Sea HRC Export Index rose by 3.42 percent week on week to 114.52.

Turkish HDG Index moved upwards. The index value rose by 3.12 percent to 104.1 compared to the previous week. 

Turkish CRC Index continued to increase, with the index value rising by 2.7 percent week on week to 104.11.

*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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