In the week from September 16 to September 22, on the Orbis Steel Index the Turkish scrap index value moved downward, while the US (East Coast) HMS I/II scrap export index switched to sideways movement. In the given week, the Turkish rebar index maintained its downward trend. Meanwhile, the Turkish flat rolled product indexes indicated downward movement.
As per the Orbis Steel Index data, the index movements in the week from September 16 to September 22 as per product are as follows:
Turkish Scrap Index decreased by 0.19 percent to 160.07 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index has not shown any changes compared to the previous week. The index value stayed at 156.71.
Turkish Rebar Index continued to decrease. The index value declined 1.9 percent to 146.55 compared to the previous week.
Turkish HRC Index moved downwards in the given week, with the index value falling 2.85 percent week on week to 97.15.
Black Sea HRC Export Index decreased 0.91 percent week on week to 101.9.
Turkish HDG Index started to decrease, with the index value falling 0.62 percent week on week to 100.32.
Turkish CRC Index switched to downward movement. The index value decreased by 3.35 percent to 98.97 compared to the previous week.
*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