In the week from August 28 to September 3, on the Orbis Steel Index the Turkish scrap index increased, while the US (East Coast) HMS I/II scrap export index moved sideways, the Turkish rebar index moved upwards, while the Turkish flat rolled indexes showed either sideways or upward movement.
As per the Orbis Steel Index data, the index movements in the week from August 28 to September 3 as per product are as follows:
Turkish Scrap Index increased by 0.71 percent week on week to 142.37.
US (East Coast) HMS I/II Scrap Export Index moved sideways in the given week, with the index value remaining at 160.47.
Turkish Rebar Index moved upwards, with the index value rising by 0.89 percent week on week to 130.12.
Turkish HRC Index increased by 1.99 to 95.69 compared to the previous week.
Black Sea HRC Export Index started to move upwards in the given week. The index value rose by 3.61 percent week on week to 108.83.
Turkish HDG Index maintained its upward movement. The index value increased by 2.48 percent week on week to 104.1.
Turkish CRC Index remained unchanged compared to the previous week. The index value stayed at 97.26.
*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.