In the week from September 24 to September 30, on the Orbis Steel Index the scrap indexes maintained downward movement. In the given week, the Turkish rebar index continued to decline, while the Turkish flat rolled product indexes moved sideways.
As per the Orbis Steel Index data, the index movements in the week from September 24 to September 30 as per product are as follows:
Turkish Scrap Index continued to decrease in the given week. The index value fell 0.65 percent to 152.74 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index declined by 1.48 percent week on week to 156.47.
Turkish Rebar Index maintained its downward movement. The index value decreased by 1.13 percent to 142.25 compared to the previous week.
Turkish HRC Index switched to sideways movement in the week in question. The index value stayed at 104.88.
Black Sea HRC Export Index moved downwards, with the index value declining by 1.41 percent to 99.55 compared to the previous week.
Turkish HDG Index has not shown any changes compared to the previous week. The index value remained at 96.53.
Turkish CRC Index moved sideways, with the index value remaining at 102.05 in the week in question.
*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