In the week from June 11 to June 17, on the Orbis Steel Index the Turkish scrap index continued to increase, while the US (East Coast) HMS I/II scrap export index maintained its downward movement, the Turkish rebar index increased and the Turkish flat rolled indexes either rose or moved sideways.
As per the Orbis Steel Index data, the index movements in the week from June 11 to June 17 as per product are as follows:
Turkish Scrap Index continued its rising movement, with the index value increasing by 1.44 percent week on week to 136.78.
US (East Coast) HMS I/II Scrap Export Index declined by 0.31 percent to 152.71 compared to the previous week.
Turkish Rebar Index switched to upward movement in the given week. The index value rose by 2.86 percent to 131.77 compared to the previous week.
Turkish HRC Index started to increase. The index value rose by 1.49 percent week on week to 94.72.
Black Sea HRC Export Index moved downwards by 1.8 percent week on week to 103.91.
Turkish HDG Index remained stable in the given week, with the index value staying at 95.27.
Turkish CRC Index did not show any changes compared to the previous week. The index value stayed at 96.58.
*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.