In the week from July 31 to August 5, on the Orbis Steel Index the scrap indexes decreased, the Turkish rebar index continued to move upwards, while the Turkish flat rolled indexes decreased or moved sideways.
As per the Orbis Steel Index data, the index movements in the week from July 31 to August 5 as per product are as follows:
Turkish Scrap Index switched to downward movement. The index value decreased by 2.25 percent to 132.05 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index continued its downward trend. The index value decreased by 2.99 percent week on week to 144.94.
Turkish Rebar Index maintained its upward movement, with the index value rising by 0.08 percent week on week to 130.67.
Turkish HRC Index decreased by 0.56 percent to 97.54 compared to the previous week.
Black Sea HRC Export Index switched to sideways movement, remaining at 106.93.
Turkish HDG Index did not show any changes compared to the previous week. The index value stayed at 95.27.
Turkish CRC Index switched to sideways movement, remaining at 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.