In the week from June 19 to June 25, on the Orbis Steel Index the scrap indexes continued their rising trend, the Turkish rebar index moved up, while the Turkish flat rolled indexes indicated either downward or sideways movements.
As per the Orbis Steel Index data, the index movements in the week from June 19 to June 25 as per product are as follows:
Turkish Scrap Index maintained its upward movement. The index value went up by 0.92 percent week on week to 111.26.
US (East Coast) HMS I/II Scrap Export Index continued to increase, with the index value rising 2.89 percent to 125.88 compared to the previous week.
Turkish Rebar Index went up by 1.05 percent to 109.1 compared to the previous week.
Turkish HRC Index continued to move downwards. The index value fell by 0.96 percent to 78.41 compared to the previous week.
Black Sea HRC Export Index maintained its sideways movement. The index value stayed at 85.55.
Turkish HDG Index did not show any change week on week, with the index value remaining at 94.01.
Turkish CRC Index remained unchanged week on week at 89.04.
*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.