In the week from July 9 to July 15, on the Orbis Steel Index the scrap indexes started to increase. In the given week, the Turkish rebar index maintained its downward movement. While Turkish flat rolled products registered sideways movement, the Black Sea HRC export index started to decrease in the week in question.
As per the Orbis Steel Index data, the index movements in the week from July 9 to July 15 as per product are as follows:
Turkish Scrap Index started to increase in the given week. The index value rose 1.21 percent week on week to 160.68.
US (East Coast) HMS I/II Scrap Export Index increased 1.44 percent to 165.88 compared to the previous week.
Turkish Rebar Index continued to decrease in the week in question. The index value fell by 0.11 percent to 150.69.
Turkish HRC Index has not seen any changes compared to the previous week. The index value remained at 105.69.
Black Sea HRC Export Index moved downwards in the given week. The index value declined by 0.9 percent to 104.03.
Turkish HDG Index maintained its sideways movement. The index value stayed at 96.53.
Turkish CRC Index continued to move sideways in the week in question, 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