In the week from July 1 to July 5, the scrap index values moved upward again on the Orbis Steel Index. In the given week, the Turkish rebar index rose again, maintaining the upward movement seen in the previous week, while the Turkish flat rolled product index values remained stable compared to previous week.
As per the Orbis Steel Index data, the index movements in the week from June 1 to July 5 as per product are as follows:
Turkish Scrap Index increased by 1.12 percent to 153.13 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved upwards in the given week, with the index value rising 1.07 percent week on week to 154.82.
Turkish Rebar Index increased by 1.25 percent week on week to 147.41.
Turkish HRC Index moved sideways, with the index value remaining at 95.12.
Black Sea HRC Export Index moved sideways, with the index value remaining at 94.79.
Turkish HDG index was stable, with the index value remaining at 99.68.
Turkish CRC Index indicated no change, with the index value remaining at 102.05.
*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