In the week from July 30 to August 5, on the Orbis Steel Index the scrap indexes continued to increase. In the given week, the Turkish rebar index started to move upwards. The Black Sea HRC export index moved sideways in the week in question, as did the indexes for Turkish flat rolled products.
As per the Orbis Steel Index data, the index movements in the week from July 30 to August 5 as per product are as follows:
Turkish Scrap Index increased by 4.11 percent to 168.44 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index continued to increase in the given week. The index value moved upwards by 5.5 percent to 178.82.
Turkish Rebar Index increased by 1.34 percent week on week to 152.26.
Turkish HRC Index moved sideways in the given week. The index value remained at 105.69.
Black Sea HRC Export Index switched to sideways movement in the week in question. The index value stayed at 103.79.
Turkish HDG Index has not shown any changes compared to the previous week. The index value stayed at 96.53.
Turkish CRC Index moved sideways for the seventh week in a row, remaining at 102.74.
*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