Turkey uses mainly scrap steel in steel production, realizing one fifths of the global scrap steel imports. The scrap steel prices imported by Turkey are monitored as reference prices by the steel sector worldwide.

The Steel Index’s Scrap Steel Futures Contracts written on Turkey’s imported scrap steel price index will start being traded on Borsa İstanbul Futures and Options Market (VIOP) on April 2, 2015.

On the occasion, a bell-ringing ceremony will be held at Borsa İstanbul with the participation of Borsa İstanbul Executive Vice Presidents Çetin Ali Dönmez and Mustafa Kemal Yılmaz, The Steel Index Executive Director Steven Randall and Turkey Steel Producers Association Acting Chairman Uğur Dalbeler.