In the week from June 9 to June 15, on the Orbis Steel Index the scrap indexes decreased. In the given week, the Turkish rebar index switched to upward movement, while the Turkish flat rolled indexes continued to move sideways.
As per the Orbis Steel Index data, the index movements in the week from June 9 to June 15 as per product are as follows:
Turkish Scrap Index continued to move downwards, with the index value falling 0.22 percent week on week to 148.76.
US (East Coast) HMS I/II Scrap Export Index decreased by 0.6 percent to 156.71 compared to the previous week.
Turkish Rebar Index started to increase with the index value rising 0.24 percent to 131.24 compared to the previous week.
Turkish HRC Index maintained its sideways movement in the week in question, with the index value remaining at 98.37.
Black Sea HRC Export Index moved downwards. The index value decreased by 0.7 percent week on week to 100.95.
Turkish HDG Index has not shown any significant changes compared to the previous week. The index value stayed at 99.37.
Turkish CRC Index followed a stable trend, with the index value remaining at 95.89.
*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.