In the week from August 24 to August 30, on the Orbis Steel Index the scrap indexes declined, while, the Turkish rebar index and the Turkish flat rolled indexes also moved downwards.
As per the Orbis Steel Index data, the index movements in the week from August 24 to August 30 as per product are as follows:
Turkish Scrap Index continued to decline. The index value decreased by 1.38 percent week on week to 92.17.
US (East Coast) HMS I/II Scrap Export Index declined by 6.43 percent to 92.47 compared to the previous week.
Turkish Rebar Index moved downwards by 4.65 percent week on week to 90.66.
Turkish HRC Index declined in the given week, with the index value falling by 4.68 percent to 66.26.
Black Sea HRC Export Index started to move downwards, with the index value falling 2.56 percent week on week to 63.27.
Turkish HDG Index decreased by 1.6 percent week on week to 78.23.
Turkish CRC Index moved downwards in the given week, with the index value falling by 3.83 percent to 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.