In the week from June 23 to June 29, on the Orbis Steel Index the scrap indexes moved downwards. In the given week, the Turkish rebar index registered a decline for the second consecutive week, while the Turkish flat rolled product 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 June 23 to June 29 as per product are as follows:
Turkish Scrap Index continued to move downwards, with the index value falling 0.29 percent week on week to 146.57.
US (East Coast) HMS I/II Scrap Export Index decreased by 0.15 percent to 157.88 compared to the previous week.
Turkish Rebar Index maintained its downward movement, with the index value declining 0.24 percent to 129.68 compared to the previous week.
Turkish HRC Index has not shown any changes compared to the previous week, remaining at 98.37.
Black Sea HRC Export Index moved sideways. The index value stayed at 100.95.
Turkish HDG Index switched to sideways movement again. The index value stayed at 100.
Turkish CRC Index continued to move sideways in the given week, 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.