In the week from September 10 to September 16, on the Orbis Steel Index the scrap indexes decreased for the fourth consecutive week. In the given week, the Turkish rebar index continued to move downwards. While the Turkish flat rolled products indexes maintained sideways movement, no upward movements were observed on the Orbis Steel Index in the week in question.
As per the Orbis Steel Index data, the index movements in the week from September 10 to September 16 as per product are as follows:
Turkish Scrap Index continued to decrease in the given week. The index value dropped by 4.24 percent week on wee to 157.54.
US (East Coast) HMS I/II Scrap Export Index decreased by 5.26 percent to 160.94 compared to the previous week.
Turkish Rebar Index moved downwards, with the index value declining by 2.06 percent to 146.64 compared to the previous week.
Turkish HRC Index maintained its sideways movement in the given week. The index value remained at 106.5.
Black Sea HRC Export Index continued to decrease. The index value fell 3.18 percent week on week to 100.95.
Turkish HDG Index moved sideways in the week in question, with the index value staying at 96.53.
Turkish CRC Index has not shown any changes compared to the previous week. The index value stayed at 103.42.
*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