Scrap maintains downward movement on Orbis Steel Index

Monday, 02 October 2017 17:26:08 (GMT+3)   |   Istanbul
       

In the week from September 25 to October 1, on the Orbis Steel Index the scrap indexes continued to move downwards, the Turkish rebar index continued to decline, while the Turkish flat rolled indexes indicated downward movement.

As per the Orbis Steel Index data, the index movements in the week from September 25 to October 1 as per product are as follows:

Turkish Scrap Index maintained its downward movement, with the index value falling by 7.46 percent week on week to 123.59.

US (East Coast) HMS I/II Scrap Export Index decreased by 8.38 percent to 133.88 compared to the previous week. 

Turkish Rebar Index maintained its declining movement, with the index value moving down by 3.16 percent week on week to 126.36.

Turkish HRC Index switched to downward movement, with the index value declining by 1.46 percent week on week to 100.16. 

Black Sea HRC Export Index moved downwards. The index value decreased by 6.31 percent week on week to 108.41.

Turkish HDG Index declined by 1.18 percent week on week to 106.62.

Turkish CRC Index started to decline. The index value decreased by 1.37 percent week on week to 98.63.

*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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