Metal Bulletin’s Ferrous Scrap Index has been designed to offer a clear measurement of delivered prices to Turkey.
The Ferrous Scrap Turkey Index utilises a tonnage-weighted calculation of actual transactions which have been normalised to a base chemistry and delivery point, in line with MB’s index methodology.
This methodology allows MB to provide an accurate and unbiased representation of the spot market for ferrous scrap being delivered to Turkey, and includes mechanisms to minimise unfair or unrepresentative market distortion.
In line with other raw materials price movements, the scrap market has seen significant price volatility over the past few years. And, over the past year, steel mill margins have been increasingly left at the mercy of input costs.
As scrap prices have risen more rapidly than finished product prices, many mills have been forced to reduce their production to deal with these increased costs.
For any questions regarding Metal Bulletin's Ferrous Scrap Index, please contact Cameron Hunt, Director of Metal Bulletin Index.
Learn more about the methothodology used.
These are the benefits of subscribing to MB’s weekly Ferrous Scrap Index alert:
- Get the best deals when trading - MB’s Ferrous Scrap Index provides a weekly settlement price and physical pricing for ferrous scrap.
- Understand the effects of international events on your business with expert commentary on the index number, detailing market sentiment and outlook.
- Find new customers first - get to know where the emerging markets are and what they are doing.
Sign up today for your no obligation, FREE TRIAL to MB’s weekly Ferrous Scrap Index alert.
What have you got to loose? All it takes is just a few minutes to complete our registration form below - your FREE MB’s Ferrous Scrap Index weekly email service is waiting for you.