In the week from July 9 to July 15, on the Orbis Steel Index the scrap indexes decreased, the Turkish rebar index moved upwards, while the Turkish flat rolled indexes either decreased or moved sideways.
As per the Orbis Steel Index data, the index movements in the week from July 9 to July 15 as per product are as follows:
Turkish Scrap Index continued its downward trend. The index value decreased by 0.56 percent week on week to 139.33.
US (East Coast) HMS I/II Scrap Export Index fell by 2.69 percent week on week to 153.18.
Turkish Rebar Index increased by 0.67 percent to 131.56 compared to the previous week.
Turkish HRC Index remained unchanged at 99.34.
Black Sea HRC Export Index did not show any change week on week, with the index value remaining at 107.71.
Turkish HDG Index started to decrease. The index value fell by 1.27 percent week on week to 99.05.
Turkish CRC Index continued its stable trend, with the index value staying at 99.32 week on 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.