In the week from August 25 to August 31, on the Orbis Steel Index the Turkish scrap index decreased, while the US (East Coast) HMS I/II scrap export index moved sideways. In the given week, the Turkish rebar started to decrease after three weeks of upward movement. The Turkish flat rolled product indexes have not shown any changes compared to the previous week.
As per the Orbis Steel Index data, the index movements in the week from August 25 to August 31 as per product are as follows:
Turkish Scrap Index moved downwards, with the index value falling 0.14 percent to 153.33 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index switched to sideways movement in the given week. The index value stayed at 166.35.
Turkish Rebar Index decreased by 0.96 percent week on week to 132.66.
Turkish HRC Index maintained downward movement, with the index value remaining at 100.
Black Sea HRC Export Index has not shown any changes compared to the previous week. The index value stayed at 102.13.
Turkish HDG Index moved sideways, with the index value remaining at 100.
Turkish CRC Index continued to move sideways, with the index value staying at 94.52.
*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.