In the week from July 23 to July 29, on the Orbis Steel Index the scrap indexes moved upward. In the given week, the Turkish rebar index registered a slight decrease. While Turkish flat rolled products maintained sideways movement, the Black Sea HRC export index decreased in the week in question.
As per the Orbis Steel Index data, the index movements in the week from July 23 to July 29 as per product are as follows:
Turkish Scrap Index moved upwards in the given week. The index value increased by 0.69 percent to 161.79.
US (East Coast) HMS I/II Scrap Export Index increased by 2.13 percent to 169.41 compared to the previous week.
Turkish Rebar Index decreased in the week in question. The index value declined by 0.04 percent to 150.24.
Turkish HRC Index maintained its sideways movement. The index value remained at 105.69.
Black Sea HRC Export Index decreased by 0.91 percent to 103.79 compared to the previous week.
Turkish HDG Index moved sideways for the sixth week in a row. The index value stayed at 96.53.
Turkish CRC Index maintained its sideways movement in the given week, remaining at 102.74.
*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