In the week from September 28 to October 4, on the Orbis Steel Index the scrap indexes continued to decline. In the given week, the Turkish rebar index moved downward, while the Turkish flat rolled indexes indicated sideways or downward movement.
As per the Orbis Steel Index data, the index movements in the week from May 18 to May 24 as per product are as follows:
Turkish Scrap Index decreased by 4.64 percent week on week to 79.91.
US (East Coast) HMS I/II Scrap Export Index continued its downward movement in the given week, with the index value falling 2.16 percent to 74.12 compared to the previous week.
Turkish Rebar Index switched to downwards movement, with the index value declining by 2.39 percent week on week to 82.42 percent.
Turkish HRC Index has not shown any change week on week. The index value stayed at 76.02.
Black Sea HRC Export Index remained unchanged at 57.82.
Turkish HDG Index started to decline. The index value decreased by 6.67 percent week on week to 70.66.
Turkish CRC Index has not shown any change week on week. The index value stayed at 68.84.
*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.