In the week from July 20 to July 26, on the Orbis Steel Index the scrap indexes continued to decline. In the given week, the Turkish rebar index switched to an upward trend, while the Turkish flat rolled indexes continued to remain stable.
As per the Orbis Steel Index data, the index movements in the week from July 20 to July 26 as per product are as follows:
Turkish Scrap Index decreased by 2.3 percent week on week to 91.4.
US (East Coast) HMS I/II Scrap Export Index switched to an upward trend, with the index value increasing by 0.27 percent week on week to 90.12.
Turkish Rebar Index went up by 1.7 percent to 95.63 compared to the previous week.
Turkish HRC Index remained stable at 72.76 in the given week compared to the previous week.
Black Sea HRC Export Index continued to decline, with the index value falling 1.76 percent week on week to 65.88.
Turkish HDG Index has not shown any changes compared to the previous week. The index value remained at 80.76.
Turkish CRC Index maintained its sideways movement, with the index value remaining unchanged at 77.05.
*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.