In the week from July 23 to July 29, on the Orbis Steel Index, the Turkish scrap index moved upwards only very slightly, the US (East Coast) HMS I/II scrap export index declined, the Turkish rebar index increased, while the Turkish flat rolled indexes indicated downward movement.
As per the Orbis Steel Index data, the index movements in the week from July 23 to July 29 as per product are as follows:
Turkish Scrap Index moved up very slightly, rising by 0.06 percent week on week to 135.09.
US (East Coast) HMS I/II Scrap Export Index decreased by 1.4 percent from the previous week to 149.41.
Turkish Rebar Index increased by 2.02 percent week on week to 130.56.
Turkish HRC Index indicated downward movement, with the index value declining by 1.26 percent week on week to 98.09.
Black Sea HRC Export Index went down by 0.72 percent week on week to 106.93.
Turkish HDG Index followed a downward trend. The index value decreased by 3.82 percent from the previous week to 95.27.
Turkish CRC Index started to decrease, with the index value falling by 1.38 percent week on week to 97.95.
*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.