In the week from June 3 to June 9, scrap indexes declined on the Orbis Steel Index. In the given week, the Turkish rebar index started to move upwards, while the flat rolled product indexes mostly moved sideways.
As per the Orbis Steel Index data, the index movements in the week from June 3 to June 9 as per product are as follows:
Turkish Scrap Index decreased by 3.38 percent to 147.51 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index started to decline, with the index value falling 3.23 percent week on week to 148.
Turkish Rebar Index moved upwards in the given week, with the index value rising by 0.08 percent to 141.59 compared to the previous week.
Turkish HRC Index switched to sideways movement. The index value stayed at 97.56.
Black Sea HRC Export Index has not shown any changes compared to the previous week, with the index value remaining at 97.16.
Turkish HDG Index started to move sideways. The index value stayed at 100.32.
Turkish CRC Index continued to decrease, with the index value falling 0.33 percent to 102.74 compared to the previous week.
*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