In the week from May 28 to June 3, on the Orbis Steel Index the scrap indexes decreased, the Turkish rebar index moved downwards, while the Turkish flat rolled indexes either declined or moved sideways.
As per the Orbis Steel Index data, the index movements in the week from May 28 to June 3 as per product are as follows:
Turkish Scrap Index continued to decline. The index value decreased by 1.08 percent week on week to 134.61.
US (East Coast) HMS I/II Scrap Export Index maintained its downward movement in the given week, with the index value declining by 2.24 percent week on week to 154.12.
Turkish Rebar Index continued to move downwards in the given week, with the index value declining by 2.86 percent week on week to 128.15.
Turkish HRC Index continued to decline, with the index value falling by 1.96 percent week on week to 93.33.
Black Sea HRC Export Index remained unchanged at 105.81.
Turkish HDG Index decreased by 1.95 percent to 95.27 compared to the previous week.
Turkish CRC Index started to decrease. The index value fell by 2.71 percent week on week to 97.95.
*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.