In the week from September 22 to September 28, on the Orbis Steel Index the Turkish scrap index maintained its downward movement, while the US (East Coast) HMS I/II scrap export index value decreased. In the given week, the Turkish rebar index switched to a downward trend. The Turkish HRC/CRC indexes have not shown any changes compared to the previous week.
As per the Orbis Steel Index data, the index movements in the week from September 22 to September 28 as per product are as follows:
Turkish Scrap Index moved downwards, with the index value falling 2.58 percent to 145.42 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index continued to move downward in the given week, with the index value falling by 0.44 percent week on week to 157.18.
Turkish Rebar Index switched to downward movement. The index value decreased by 0.49 percent week on week to 132.19.
Turkish HRC Index moved sideways, with the index value remaining at 100.
Black Sea HRC Export Index continued to move sideways, with the index value remaining at 103.55.
Turkish HDG Index switched to a declining trend, with the index value falling by 0.32 percent week on week to 99.68.
Turkish CRC Index continued to move sideways, with the index value staying at 94.52.
*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.