In the week from August 10 to August 16, on the Orbis Steel Index the scrap indexes continued to move on an upward trend. In the given week, the Turkish rebar index increased, while the Turkish flat rolled indexes moved sideways.
As per the Orbis Steel Index data, the index movements in the week from August 10 to August 16 as per product are as follows:
Turkish Scrap Index continued to increase, rising by 0.58 percent week on week to 97.27.
US (East Coast) HMS I/II Scrap Export Index maintained its upward movement. The index value increased by 2.94 percent to 98.82 compared to the previous week.
Turkish Rebar Index increased by 0.68 percent week on week to 94.31.
Turkish HRC Index has not shown any change week on week, with the index value remaining at 69.51.
Black Sea HRC Export Index remained stable week on week at 65.88
Turkish HDG Index continued to move sideways, with the index value staying at 79.5.
Turkish CRC Index remained stable to 71.58 compared to the previous week.
*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.