In the week from September 29 to October 5, on the Orbis Steel Index the scrap indexes moved downward. In the given week, the Turkish rebar continued its downward movement following the decline in the week before. The Turkish flat rolled product indexes maintained sideways movement.
As per the Orbis Steel Index data, the index movements in the week from September 29 to October 5 as per product are as follows:
Turkish Scrap Index continued to move downwards, with the index value falling 3.65 percent to 138.94 compared to the previous week, following the 2.97 percent decline in the week before.
US (East Coast) HMS I/II Scrap Export Index continued to move downward in the given week, with the index value falling by 4.94 percent week on week to 149.41.
Turkish Rebar Index continued its downward movement. The index value decreased by 0.84 percent week on week to 129.41.
Turkish HRC Index moved sideways, with the index value remaining at 100.
Black Sea HRC Export Index continued to move sideways, with the index value remaining at 103.55.
Turkish HDG Index moved sideways, with the index value remaining at 99.68.
Turkish CRC Index continued to move sideways, with the index value staying at 94.52.
*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.