In the week from July 16 to 22, on the Orbis Steel Index the scrap indexes moved sideways. In the given week, the Turkish rebar index maintained its downward movement. While Turkish flat rolled products were dominated by sideways movement, the Black Sea HRC export index started to increase in the week in question.
As per the Orbis Steel Index data, the index movements in the week from July 16 to July 22 as per product are as follows:
Turkish Scrap Index has not seen any changes compared to the previous week. The index value remained at 160.68.
US (East Coast) HMS I/II Scrap Export Index remained stable compared to the previous week at 165.88.
Turkish Rebar Index continued to decrease in the week in question. The index value fell by 0.26 percent to 150.3.
Turkish HRC Index moved sideways for the fourth consecutive week. The index value remained at 105.69.
Black Sea HRC Export Index switched to upwards movement, with the index value rising by 0.68 percent to 104.74.
Turkish HDG Index maintained its sideways movement for the fifth consecutive week. The index value stayed at 96.53.
Turkish CRC Index continued to move sideways in the week in question, remaining at 102.74.
*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