In the week from September 5 to September 11, on the Orbis Steel Index the scrap indexes declined. In the given week, the Turkish rebar index started to increase, while the Turkish flat rolled indexes indicated either sideways or upward movement.
As per the Orbis Steel Index data, the index movements in the week from September 5 to September 11 as per product are as follows:
Turkish Scrap Index decreased by 2.42 percent week on week to 91.1.
US (East Coast) HMS I/II Scrap Export Index moved downwards in the given week, with the index value falling 2.11 percent to 98.35 compared to the previous week.
Turkish Rebar Index started to increase. The index value went up by 0.11 percent week on week to 90.58.
Turkish HRC Index continued to increase, with the index value rising 1.15 percent week on week to 67.45.
Black Sea HRC Export Index moved upwards, with the index value rising 3.61 percent week on week to 74.95.
Turkish HDG Index increased by 4.43 percent to 74.45 compared to the previous week.
Turkish CRC Index maintained its sideways movement with the index value remaining at 76.03.
*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