In the week from June 15 to June 21, on the Orbis Steel Index the scrap indexes declined. In the given week, the Turkish rebar index moved downwards for the fourth consecutive week, while the Turkish flat rolled indexes continued to move sideways.
As per the Orbis Steel Index data, the index movements in the week from June 15 to June 21 as per product are as follows:
Turkish Scrap Index continued to decline. The index value went down by 0.81 percent to 109.56 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved to downward movement. The index value declined by 2.01 percent to 115.29 compared to the previous week.
Turkish Rebar Index continued to move downwards, with the index value falling by 2.16 percent week on week to 115.29.
Turkish HRC Index continued to move sideways, with the index value remaining at 74.39.
Black Sea HRC Export Index followed a stable trend, with the index value staying at 68.72 compared to the previous week.
Turkish HDG Index continued to move sideways, with the index value at 80.76 week on week.
Turkish CRC Index followed a stable trend, with the index value staying at 77.05.
*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.