In the week from July 17 to July 23, on the Orbis Steel Index the scrap indexes moved on an upward trend, the Turkish rebar index increased, while the Turkish flat rolled indexes indicated either upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from July 17 to July 23 as per product are as follows:
Turkish Scrap Index moved upwards, rising by 2.59 percent week on week to 121.56.
US (East Coast) HMS I/II Scrap Export Index increased by 3.56 percent to 137.06 compared to the previous week.
Turkish Rebar Index moved upwards. The index value increased by 1.43 percent to 114.51 compared to the previous week.
Turkish HRC Index did not show any changes compared to the previous week. The index value stayed at 82.61.
Black Sea HRC Export Index switched to sideways movement, remaining at 91.24.
Turkish HDG Index increased by 2.68 percent week on week to 96.53.
Turkish CRC Index started to increase. The index value rose by 1.52 percent week on week to 91.78.
*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.