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Turkish scrap rises on Orbis Steel Index

Wednesday, 10 October 2018 10:46:02 (GMT+3)   |   Istanbul
       

In the week from October 1 to October 8, on the Orbis Steel Index, the Turkish scrap index and the US (East Coast) HMS I/II scrap export index moved up, while the Turkish rebar index also started to rise.

As per the Orbis Steel Index data, the index movements in the week from October 1 to October 8as per product are as follows:

Turkish Scrap Index increased by 2.21 percent week on week to 130.03. 

US (East Coast) HMS I/II Scrap Export Index increased by 0.99 percent to 144, compared to the previous week.   

Turkish Rebar Index switched to an upward movement, with the index value increasing by 0.62 percent week on week to 120.88

Turkish HRC Index did not show any changes compared to the previous week, remaining at 92.57.

Black Sea HRC Export Index maintained its sideways movement, with the index value staying at 102.19.

Turkish HDG Index declined by 2.04 percent week on week to 90.85.

Turkish CRC Index continued to move sideways in the given week, with the index value remaining stable at 93.84.

*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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