In the week from September 26 to October 2, on the Orbis Steel Index the scrap indexes continued to decrease, the Turkish rebar index maintained its downward trend, while the Turkish flat rolled indexes were characterized by diverse trends.
As per the Orbis Steel Index data, the index movements in the week from September 26 to October 2 as per product are as follows:
Turkish Scrap Index continued its downward trend. The index value decreased by 1.46 percent week on week to 85.64.
US (East Coast) HMS I/II Scrap Export Index declined by 1.25 percent to 92.71 compared to the previous week.
Turkish Rebar Index maintained its downward movement, with the index value falling by 1.27 percent week on week to 86.96.
Turkish HRC Index increased by 0.73 percent to 69.39 compared to the previous week.
Black Sea HRC Export Index moved downwards by 2.28 percent week on week to 73.71.
Turkish HDG Index remained stable in the given week, with the index value staying at 79.5.
Turkish CRC Index started to move downwards, with the index value falling 4.43 percent week on week to 73.97.
*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