In the week from June 20 to June 26, on the Orbis Steel Index the Turkish scrap index continued to decline and the US (East Coast) HMS I/II Scrap Export Index remained stable. In the given week, the Turkish rebar index started to decrease, while the Turkish flat rolled indexes indicated either declining or stable movement.
As per the Orbis Steel Index data, the index movements in the week from June 20 to June 26 as per product are as follows:
Turkish Scrap Index declined by 1.69 percent to 89.72 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index remained stable week on week, with the index value still at 103.76.
Turkish Rebar Index switched to downward movement, with the index value falling 2.3 percent week on week to 93.01.
Turkish HRC Index continued to decrease. The index value declined by 6.39 percent week on week to 68.87.
Black Sea HRC Export Index moved downwards in the given week. The index value decreased by 4.2 percent to 70.49.
Turkish HDG Index has not shown any change week on week, with the index value remaining at 77.6.
Turkish CRC Index continued its downward trend. The index value fell by 3.39 percent week on week to 78.08.
*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.