In the week from June 4 to June 10, on the Orbis Steel Index the Turkish scrap index increased, while the US (East Coast) HMS I/II scrap export index continued to decrease, the Turkish rebar index declined further and the Turkish flat rolled indexes either declined or moved sideways.
As per the Orbis Steel Index data, the index movements in the week from June 4 to June 10 as per product are as follows:
Turkish Scrap Index increased by 0.17 percent week on week to 134.84.
US (East Coast) HMS I/II Scrap Export Index continued to move downwards, with the index value falling by 0.61 percent week on week to 153.18.
Turkish Rebar Index fell by 0.03 percent from the previous week to 128.11.
Turkish HRC Index remained unchanged compared to the previous week. The index value stayed at 93.33.
Black Sea HRC Export Index followed a stable trend, with the index value staying at 105.81.
Turkish HDG Index moved sideways in the given week. The index value remained at 95.27.
Turkish CRC Index declined by 1.4 percent to 96.58 compared to the previous week.
*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.