In the week from September 8 to September 14, on the Orbis Steel Index the scrap indexes moved downward. In the given week, the Turkish rebar switched to downward movement following an increase in the week before. The Turkish flat rolled product indexes maintained sideways movement.
As per the Orbis Steel Index data, the index movements in the week from September 8 to September 14 as per product are as follows:
Turkish Scrap Index continued to decrease, with the index value falling 0.84 percent to 150.35 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index declined by 3.14 percent week on week to 159.76.
Turkish Rebar Index switched to downward movement in the given week. The index decreased by 0.7 percent week on week to 132.48.
Turkish HRC Index maintained sideways movement, with the index value staying at 100.
Black Sea HRC Export Index started to move sideways with the index value remaining at 103.55.
Turkish HDG Index has not shown any changes compared to the previous week, with the index value remaining at 100.
Turkish CRC Index continued to move sideways, with the index value staying at 94.52.
*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.