Scrap declines on Orbis Steel Index

Monday, 18 September 2017 17:15:02 (GMT+3)   |   Istanbul
       

In the week from September 11 to September 17, on the Orbis Steel Index the scrap indexes decreased, the Turkish rebar index continued to move upwards, while the Turkish flat rolled indexes increased.

As per the Orbis Steel Index data, the index movements in the week from September 11 to September 17 as per product are as follows:

Turkish Scrap Index switched to downward movement. The index value decreased by 1.18 percent to 141.74 compared to the previous week. 

US (East Coast) HMS I/II Scrap Export Index declined by 1.69 percent to 157.88 compared to the previous week.

Turkish Rebar Index increased by 0.09 percent week on week to 131.3. 

Turkish HRC Index moved upwards in the given week, with the index value rising by 5.82 percent week on week to 101.26.

Black Sea HRC Export Index started to increase, with the index value rising 6.32 percent week on week to 115.71.   

Turkish HDG Index increased by 2.42 percent to 106.62 compared to the previous week.

Turkish CRC Index moved upwards, rising 2.82 percent week on week to 100. 

*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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