In the week from July 16 to July 22, on the Orbis Steel Index the scrap indexes continued to decline, the Turkish rebar index moved downwards, while the Turkish flat rolled indexes moved sideways.
As per the Orbis Steel Index data, the index movements in the week from July 16 to July 22 as per product are as follows:
Turkish Scrap Index maintained its downward movement, with the index value falling by 3.1 percent week on week to 135.01.
US (East Coast) HMS I/II Scrap Export Index continued to move downwards, with the index value falling 1.08 percent week on week to 151.53.
Turkish Rebar Index decreased by 2.72 percent to 127.98 compared to the previous week.
Turkish HRC Index continued to remain stable in the given week, with the index value staying at 99.34.
Black Sea HRC Export Index remained unchanged at 107.71.
Turkish HDG Index followed a stable trend, with the index value staying at 99.05 compared to the previous week.
Turkish CRC Index indicated stable movement, with the index value remaining at 99.32.
*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.