In the week from June 25 to July 1, on the Orbis Steel Index the Turkish scrap index indicated a slight decrease, while the US (East Coast) HMS I/II scrap export index maintained sideways movement. In the given week, the Turkish rebar index continued to move upwards, while flat rolled products mostly registered sideways movement.
As per the Orbis Steel Index data, the index movements in the week from June 25 to July 1 as per product are as follows:
Turkish Scrap Index moved downwards in the week in question. The index decreased by 0.06 percent week on week to 159.55.
US (East Coast) HMS I/II Scrap Export Index continued to move sideways. The index value remained at 163.53.
Turkish Rebar Index continued to increase, with the index value rising by 0.7 percent week on week to 151.6.
Turkish HRC Index switched to sideways movement in the given week. The index value stayed at 105.69.
Black Sea HRC Export Index has not shown any changes compared to the previous week. The index value remained at 104.98.
Turkish HDG Index maintained its sideways movement in the given week, with the index value staying at 96.53.
Turkish CRC Index continued to move sideways in the week in question. The index value remained at 102.74.
*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