In the week from August 8 to August 14, on the Orbis Steel Index the Turkish scrap index continued to move upwards, while the US (East Coast) HMS I/II scrap export index remained stable. In the given week, the Turkish rebar index decreased, while the Turkish flat rolled indexes still indicated either downward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from August 8 to August 14 as per product are as follows:
Turkish Scrap Index maintained its upward movement. The index value increased by 0.09 percent week on week to 91.93.
US (East Coast) HMS I/II Scrap Export Index did not show any changes compared to the previous week. The index value remained at 101.65.
Turkish Rebar Index moved downwards in the given week. The index value decreased by 0.17 percent week on week to 92.83.
Turkish HRC Index continued to move sideways, with the index value staying at 65.14.
Black Sea HRC Export Index increased by 0.5 percent week on week to 70.74.
Turkish HDG Index decreased by 0.88 to 71.29 compared to the previous week.
Turkish CRC Index continued to follow a stable trend, with the index value staying at 76.03.
*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.