Scrap increases on Orbis Steel Index

Tuesday, 17 October 2017 14:23:39 (GMT+3)   |   Istanbul
       

In the week from October 9 to October 15, on the Orbis Steel Index the scrap indexes moved upwards, the Turkish rebar index started to increase, while the Turkish flat rolled indexes indicated downward movement.

As per the Orbis Steel Index data, the index movements in the week from October 9 to October 15 as per product are as follows:

Turkish Scrap Index moved upwards, rising 2.07 percent week on week to 123.58.

US (East Coast) HMS I/II Scrap Export Index increased by 2.14 percent to 140.59 compared to the previous week.

Turkish Rebar Index moved upwards. The index value increased by 1.84 percent to 123.71 compared to the previous week.

Turkish HRC Index went down by 5.08 percent to 95.07 compared to the previous week.  

Black Sea HRC Export Index decreased by 1.21 percent to 106.41 compared to the previous week.

Turkish HDG Index declined by 6.67 percent week on week to 97.16.

Turkish CRC Index started to decrease, with the index value falling 2.78 percent week on week to 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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