In the week from September 9 to September 15, the scrap index values moved downward on the Orbis Steel Index. In the given week, the Turkish rebar index continued its decreasing trend. Meanwhile, the Turkish flat rolled product indexes indicated sideways movement.
As per the Orbis Steel Index data, the index movements in the week from September 9 to September 15 as per product are as follows:
Turkish Scrap Index moved downwards in the given week, with the index value declining 0.1 percent to 160.37.
US (East Coast) HMS I/II Scrap Export Index switched to downward movement, with the index value falling 2.9 percent week on week to 157.88.
Turkish Rebar Index continued its downward movement in the given week, with the index value falling 1.08 percent to 149 compared to the previous week.
Turkish HRC Index has not shown any changes compared to the previous week, with the index value remaining at 100.
Black Sea HRC Export Index moved upwards with the index value increasing 1.16 percent week on week to 102.84.
Turkish HDG Index switched to sideways movement, with the index value remaining at 100.95.
Turkish CRC Index maintained its sideways movement, with the index value remaining at 102.4.
*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