In the week from October 2 to October 8, on the Orbis Steel Index the Turkish scrap index moved downwards, the US (East Coast) scrap index increased, the Turkish rebar index continued to decline, while the Turkish flat rolled indexes indicated downward movement.
As per the Orbis Steel Index data, the index movements in the week from September 25 to October 1 as per product are as follows:
Turkish Scrap Index moved downwards, with the index value falling 2.04 percent week on week to 121.07.
US (East Coast) HMS I/II Scrap Export Index increased by 2.82 percent to 137.65 compared to the previous week.
Turkish Rebar Index moved downwards by 3.86 percent to 121.48 compared to the previous week.
Turkish HRC Index followed a stable trend, with the index value staying at 100.16 compared to the previous week.
Black Sea HRC Export Index went down by 0.65 percent to 107.71 compared to the previous week.
Turkish HDG Index decreased by 2.36 percent week on week to 104.1.
Turkish CRC Index has not shown any change week on week, with the index value remaining at 98.63.
*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.