In the week from September 30 to October 6, on the Orbis Steel Index the Turkish scrap index value decreased, while the US (East Coast) HMS I/II scrap export index moved sideways. In the given week, the Turkish rebar index started to increase after four weeks of downward movement. Meanwhile, the Turkish flat rolled product indexes indicated either downward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from September 30 to October 6 as per product are as follows:
Turkish Scrap Index decreased by 0.37 percent to 156.76 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index has not shown any change compared to the previous week, with the index value staying at 154.59.
Turkish Rebar Index moved upwards in the given week, with the index value rising by 1.43 percent to 146.75 compared to the previous week.
Turkish HRC Index maintained its sideways movement. The index value remained at 97.15.
Black Sea HRC Export Index continued to move sideways in the week in question, with the index value staying at 101.9.
Turkish HDG Index decreased by 1.26 percent to 99.68 compared to the previous week.
Turkish CRC Index moved sideways in the given week, with the index value remaining at 98.97.
*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