In the week from July 2 to July 8, on the Orbis Steel Index the scrap indexes moved sideways. In the given week, the Turkish rebar index decreased following two weeks of upward movement. All the flat rolled products registered sideways movement, while no upward movement was observed on the Orbis Steel Index in the week in question.
As per the Orbis Steel Index data, the index movements in the week from July 2 to July 8 as per product are as follows:
Turkish Scrap Index switched to sideways movement, with the index value remaining at 158.76.
US (East Coast) HMS I/II Scrap Export Index maintained its sideways movement. The index value remained at 163.53.
Turkish Rebar Index decreased by 0.49 percent to 150.86 compared to the previous week.
Turkish HRC Index continued to move sideways in the week in question, with the index value staying at 105.69.
Black Sea HRC Export Index moved sideways in the given week. The index value stayed at 104.98.
Turkish HDG Index moved sideways for the third consecutive week. The index value remained at 96.53.
Turkish CRC Index marked its third consecutive week of sideways movement. The index value remained 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