In the week from July 10 to July 16, on the Orbis Steel Index the Turkish scrap index increased, the US (East Coast) HMS I/II scrap export index followed a stable trend, the Turkish rebar index moved downwards, while the Turkish flat rolled indexes indicated either upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from July 10 to July 16 as per product are as follows:
Turkish Scrap Index increased by 2.1 percent week on week to 118.49.
US (East Coast) HMS I/II Scrap Export Index moved sideways in the given week, with the index value remaining at 132.35.
Turkish Rebar Index moved downwards, with the index value falling by 0.27 percent week on week to 112.9
Turkish HRC Index followed a rising trend. The index value increased by 3.22 percent to 82.61 compared to the previous week.
Black Sea HRC Export Index maintained its upward movement. The index value went up by 4.33 percent week on week to 91.24.
Turkish HDG Index did not show any changes compared to the previous week. The index value stayed at 94.01.
Turkish CRC Index moved sideways, with the index value remaining at 90.41.
*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.