In the week from August 22 to August 28, on the Orbis Steel Index the scrap indexes moved downwards. In the given week, the Turkish rebar index maintained its downward trend, while the Turkish flat rolled indexes indicated sideways movement.
As per the Orbis Steel Index data, the index movements in the week from August 22 to August 28 as per product are as follows:
Turkish Scrap Index switched to downward movement. The index value decreased by 0.36 percent to 93.17 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index declined by 0.7 percent to 101.41 compared to the previous week.
Turkish Rebar Index maintained its downward movement. The index value decreased by 1.28 percent week on week to 90.52.
Turkish HRC Index switched to sideways movement in the given week. The index value stayed at 65.72.
Black Sea HRC Export Index remained stable in the given week, with the index value staying at 72.34.
Turkish HDG Index moved sideways, remaining at 71.29.
Turkish CRC Index has not shown any changes compared to the previous week. The index value remained at 76.03.
*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.