In the week from June 18 to June 24, on the Orbis Steel Index the scrap indexes increased, the Turkish rebar index declined, while the Turkish flat rolled indexes showed either upward movement.
As per the Orbis Steel Index data, the index movements in the week from June 18 to June 24 as per product are as follows:
Turkish Scrap Index continued its upward trend, with the index value increasing by 1 percent week on week to 138.94.
US (East Coast) HMS I/II Scrap Export Index started to increase. The index value rose by 1.69 percent week on week to 156.
Turkish Rebar Index moved downwards, falling by 0.17 percent week on week to 131.54.
Turkish HRC Index moved upwards, with the index value rising by 1.49 percent week on week to 96.13.
Black Sea HRC Export Index went up by 1.83 percent to 105.81 compared to the previous week.
Turkish HDG Index rose by 2.65 percent week on week to 97.79.
Turkish CRC Index increased by 1.42 percent to 97.95 compared to the preivous 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.