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iron ore reference prices

TSI publishes 7 scrap reference prices covering Turkish imports, US domestic scrap, Taiwanese imports and Indian imports

TSI’s daily Turkish imports scrap price is already established as a leading industry benchmark, with its other scrap indices not far behind. Employing the same robust methodology based on processing spot market transaction data as used for compiling its iron ore and steel reference prices, TSI's scrap prices are achieving widespread recognition and adoption. Join other market participants just like yourself to see what our scrap service can do for you!

Here is what is included in your free trial:

  • Daily prices for Turkish scrap imports and weekly prices for the US domestic scrap market, Taiwanese imports and Indian imports (see below for full product specifications)
  • Daily and weekly email reports to your inbox containing the latest scrap prices, supported by weekly market commentaries, Turkish trade data and graphs showing price histories and forward curve data
  • TSI Monthly Scrap Review which looks back at scrap supply/demand dynamics and pricing movements in the Turkish import, Indian import and US domestic markets and considers the outlook for the month ahead
  • Access to TSI's online Price Analyzer tool: facility to compare all TSI's scrap series on the same graph over time periods of your choice and switch between selected currencies and volume units

Daily iron ore document

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 benchmark prices for ferrous scrap derivatives cleared on the London Metal Exchange (LME), LCH.Clearnet, CME Europe, Borsa Istanbul and NASDAQ OMX. The contract on NASDAQ OMX settles using TSI’s monthly US shredded scrap 10-day average index, delivered Midwest mill. Contracts on all other exchanges settle using the monthly average of TSI's daily scrap index for Turkish imports of HMS #1&2 80:20, CFR Iskenderun port.

Turkish Imports (CFR Iskenderun Port)

HMS #1&2 80:20 (deep-sea) [+]
Shredded obsolete scrap (deep-sea) [+]
Plate and Structural (deep-sea) [+]


Turkish Imports (CFR Marmara Port)

A3 scrap (short-sea) [+]


USA (Delivered US Mill)

Shredded obsolete scrap [+]


Taiwanese Imports (CFR Taiwanese Port)

HMS #1&2 80:20 (containerised) [+]


Indian Imports (CFR Indian Port - West Coast)

Shredded obsolete scrap (containerised) [+]


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.

©The Steel Index 2017. The Steel Index is a trademark of S&P Global Commodities UK Limited.

Platts acquired the Steel Business Briefing Group, a leading information provider to the global steel market through its two core businesses, Steel Business Briefing (SBB) and The Steel Index (TSI) in July 2011. The acquisition of the SBB Group enables Platts to provide customers and the markets with the benefit of a larger, highly experienced editorial team, a dramatically expanded number of price assessments and a far more expansive product and conference mix. Click here for more information