In the week from September 14 to September 20, on the Orbis Steel Index the scrap indexes continued to decline. In the given week, the Turkish rebar index continued its downward trend, while the Turkish flat rolled indexes still showed stable movement.
As per the Orbis Steel Index data, the index movements in the week from September 14 to September 20 as per product are as follows:
Turkish Scrap Index continued its downward trend. The index value decreased by 2.93 percent week on week to 82.97.
US (East Coast) HMS I/II Scrap Export Index declined by 4.29 percent to 78.82 compared to the previous week.
Turkish Rebar Index declined in the given week, with the index value falling by 2.32 percent week on week to 83.96.
Turkish HRC Index moved sideways, with the index value remaining at 64.63.
Black Sea HRC Export Index decreased by 3.47 percent to 59.24 compared to the previous week.
Turkish HDG Index remained stable at 75.71 in the given week.
Turkish CRC Index maintained its sideways movement, with the index value remaining unchanged 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.