In the week from June 30 to July 6, on the Orbis Steel Index the scrap indexes continued to move downwards. In the given week, the Turkish rebar index maintained its downward movement, 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 30 to July 6 as per product are as follows:
Turkish Scrap Index maintained its downward movement. The index value decreased by 0.23 percent to 146.24 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index continued to move downward, with the index value falling 0.6 percent week on week to 156.94.
Turkish Rebar Index decreased for the third consecutive week. The index value declined by 0.9 percent to 128.51 compared to the previous week.
Turkish HRC Index maintained its sideways movement, with the index value staying at 98.37.
Black Sea HRC Export Index has not shown any changes in the given week. The index value remained at 100.95.
Turkish HDG Index moved sideways with the index value staying at 100.
Turkish CRC Index continued to move sideways in the week in question. The index value remained 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.