In the week from September 21 to September 27, on the Orbis Steel Index the scrap indexes continued to move down. In the given week, the Turkish rebar index started to move sideways, while the Turkish flat rolled indexes remained stable.
As per the Orbis Steel Index data, the index movements in the week from September 21 to September 27 as per product are as follows:
Turkish Scrap Index continued to decline. The index value decreased by 2.8 percent week on week to 80.65.
US (East Coast) HMS I/II Scrap Export Index remained on a downward trend with index values declining by 3.88 percent to 75.76 compared to the previous week.
Turkish Rebar Index moved sideways in the given week, with the index value remaining at 83.96.
Turkish HRC Index remained stable at 64.63 in the given week.
Black Sea HRC Export Index decreased by 2.4 percent to 57.82 compared to the previous week.
Turkish HDG Index continued to move sideways, with the index value staying at 75.71.
Turkish CRC Index remained stable week on week 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.