In the week from June 12 to June 18, on the Orbis Steel Index the scrap indexes continued to rise, the Turkish rebar index declined further, while the Turkish flat rolled indexes were characterized by diverse trends.
As per the Orbis Steel Index data, the index movements in the week from June 12 to June 18 as per product are as follows:
Turkish Scrap Index continued to increase, with the index value rising 0.04 percent to 110.25 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index maintained its upward movement. The index value went up by 1.75 percent week on week to 122.35.
Turkish Rebar Index moved down, with the index value falling by 2.01 percent week on week to 107.97.
Turkish HRC Index went down by 0.3 percent to 79.17 compared to the previous week.
Black Sea HRC Export Index remained stable in the given week, with the index value staying at 85.55.
Turkish HDG Index continued to increase. The index value rose by 2.77 percent week on week to 94.01.
Turkish CRC Index has not shown any changes compared to the previous week. The index value stayed at 89.04.
*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