In the week from August 1 to August 7, on the Orbis Steel Index the Turkish scrap index increased, while the US (East Coast) HMS I/II scrap export index moved sideways. In the given week, the Turkish rebar moved upwards, whereas the Turkish flat rolled indexes showed sideways movement.
As per the Orbis Steel Index data, the index movements in the week from August 1 to August 7 as per product are as follows:
Turkish Scrap Index increased by 1.41 percent week on week to 91.85.
US (East Coast) HMS I/II Scrap Export Index moved sideways in the given week, with the index value remaining at 101.65.
Turkish Rebar Index moved upwards, with the index value rising by one percent week on week to 92.81.
Turkish HRC Index remained unchanged compared to the previous week. The index value stayed at 65.14.
Black Sea HRC Export Index moved sideways, with the index value remaining at 70.39.
Turkish HDG Index has not shown any change week on week. The index value stayed at 71.92.
Turkish CRC Index remained unchanged 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.