Scrap continues to rise on Orbis Steel Index

Monday, 31 July 2017 17:29:39 (GMT+3)   |   Istanbul
       

In the week from July 24 to July 30, on the Orbis Steel Index the scrap indexes continued to increase, the Turkish rebar index maintained its rising movement, while the Turkish flat rolled indexes indicated either upward or sideways movement.

As per the Orbis Steel Index data, the index movements in the week from July 24 to July 30 as per product are as follows:

Turkish Scrap Index maintained its upward movement. The index value went up by 4.3 percent week on week to 126.79.

US (East Coast) HMS I/II Scrap Export Index continued to increase, with the index value rising 4.81 percent to 143.65 compared to the previous week.   

Turkish Rebar Index increased by 3.26 percent to 118.24 compared to the previous week.

Turkish HRC Index switched to upward movement in the given week. The index increased by 1.5 percent week on week to 83.85.  

Black Sea HRC Export Index increased by 4.15 percent week on week to 95.03.

Turkish HDG Index did not show any change week on week, with the index value remaining at 96.53. 

Turkish CRC Index is unchanged compared to the previous week, with the index value remaining at 91.78. 

*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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