In the week from August 8 to August 14,
scrap markets maintain their sideways movement, while upward movement has been observed on flat rolled products indexes. The Turkish
CRC index increased in the week in question, after several weeks of downward and sideways movement, the only exception in flat rolled products group was the Turkish
HRC index that switched to sideways movement this week.
As per the Orbis Steel Index data, the index movements in the week in question as per product are as follows:
Turkish Scrap Index has maintained its sideways movement. The index value remains at 193.79.
US (East Coast) HMS I/II Scrap Export Index has shown no changes compared to the previous week. The index value remains at 204.71.
Turkish Rebar Index has decreased again this week. The index value dropped by 0.72 percent to 175.66.
Turkish HRC Index stayed neutral this week. The index value remains at 125.2.
Black Sea HRC Export Index continued to increase. The index value climbed by 1.26 percent week on week to 133.41.
Turkish HDG Index started to increase this week, with the index value increasing by 0.27 percent to 118.93.
Turkish CRC Index has shown an increase after three weeks, with the index value rising by 1.68 percent compared to the previous week, to 124.66.
*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.