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TSI Scrap Reference Prices
 | TSI compiles 1 daily scrap reference price for imported Turkish HMS 1 & 2 80:20, and 2 weekly scrap prices for US Domestic and Indian containerised shredded.
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Click here for full TSI scrap reference prices and specifications »
TSI's scrap prices have become an essential tool for: | Mill buyers | Anyone involved in raw materials | | Traders and brokers | Financial players |
TSI: the index of choice
Physical markets
TSI's scrap prices are closely watched by physical market players, especially those using index-linked pricing. The more volatile market prices become, the more industry participants are turning to index-linked pricing mechanisms. For more information contact Tim Hard hard@thesteelindex.com Financial markets
TSI supplies the scrap reference price for the world’s first cleared scrap swap contract open to international trade. LCH.Clearnet offers a clearing service for Over-the-Counter (OTC) scrap swap contracts, settling against TSI’s price for Turkish scrap imports of HMS 1&2 80:20. View the full press release here.
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How can TSI scrap prices benefit you? To see how TSI scrap reference prices could be of use to you, take a trial of our Global service where you will not only receive the weekly scrap document, but also weekly steel and daily iron ore reference prices by email. I would like a free trial Back to Top
Turkish Imports (CFR Iskenderun Port) HMS 1&2 80:20 [ +]
Material: Heavy Melt Scrap (HMS) 1 & 2, blended in an 80:20 Mix. ISRI codes 200-206 inclusive. HMS1 wrought iron and steel scrap ¼” and over in thickness. HMS2 wrought iron and steel scrap, black and galvanised 1/8” and over in thickness. Grades 205 and 206 to exclude cast iron and thin gauge materials.
Pricing Point: CFR Iskenderun port, Turkey
Minimum lot size: Deep-Sea 5,000 metric tonnes. 1,000 metric tonnes as part of a mixed cargo.
Minimum lot size: Short-Sea 1,000 metric tonnes.
Loading window: Within 30 working days
Payment: Cash/LOC
Currency/Units: US$ per metric tonne
Prices submitted for transactions of the following scrap specifications are normalised back to the HMS 1&2 80:20 product (further details available on request): HMS 1&2 70:30, HMS 1&2 90:10, Shredded obsolete, Plate & Structural, Bonus Grade and A3 scrap.
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USA (Delivered US Mill) Shredded obsolete scrap [ +]
Material: Shredded obsolete scrap ISRI codes 210-212 inclusive. Homogenous iron and steel scrap, magnetically separated. Originating from automobiles, unprepared No.1 and No.2 steel, miscellaneous baling and sheet scrap. Average density 60 (50-70) pounds per cubic foot.
Pricing Point: Delivered US Midwest mill (Ohio, Illinois, Indiana & bordering vicinities).
Minimum lot size: 1,000 long tons
Delivery window: Within 30 working days
Payment: Cash/LOC
Currency/Units: US$ per long ton
Prices submitted for transactions of the following scrap specifications are normalised back to the Shredded obsolete product (further details available on request): HMS 1, Plate & Structural.
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Indian Imports (CFR Indian Port - West Coast) Shredded obsolete scrap (containerised) [ +]
Material: Shredded obsolete scrap. ISRI codes 210-212 inclusive. Homogenous iron and steel scrap, magnetically separated. Originating from automobiles, unprepared No.1 and No.2 steel, miscellaneous baling and sheet scrap. Average density 60 (50-70) pounds per cubic foot.
Pricing Point: CFR Nhava Sheva Port, India (West Coast)
Minimum lot size: 200 metric tonnes
Loading window: Within 30 working days
Payment: Cash/LOC
Currency/Units: US$ per metric tonne
Prices submitted for transactions of the following scrap specifications are normalised back to the Shredded obsolete product (further details available on request): HMS 1&2 80:20, Shredded 210, Shredded 211 and Shredded 210/211/212 mix.
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If you buy or sell any of the scrap products listed, you may be eligible to contribute as a Data Provider, which provides a number of benefits. Click here for more information. Procedures and Methodology [+]
The Steel Index methodology involves collecting price data based on actual transactions via secure on-line systems. Agreements are signed with companies buying and selling the relevant products throughout the supply chain. These ‘data providers’ supply their price information on a completely confidential basis, in exchange for receiving The Steel Index reference prices free-of-charge.
Calculation of the scrap reference prices involves two principal steps: - Normalisation of the data submitted to the reference product specifications and exclusion of outliers
- Calculation of the average reference prices from the remaining normalised data
By gathering robust data based on actual transactions, The Steel Index can provide you with access to the most reliable independent reference prices available. For a detailed description on the procedures and methodology used to compile our scrap prices, please click here. For any other enquiries, please email info@thesteelindex.com. |
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