In the week from June 27 to July 3, on the Orbis Steel Index the scrap indexes moved downwards. In the same week, the Turkish rebar index continued to decline, while the flat rolled product indexes showed either downward and stable movement.
As per the Orbis Steel Index data, the index movements in the week from June 27 to July 3 as per product are as follows:
Turkish Scrap Index continued to decline. The index value decreased by 1.15 percent week on week to 88.69.
US (East Coast) HMS I/II Scrap Export Index declined by 6.57 percent to 96.94 compared to the previous week.
Turkish Rebar Index moved downwards by 0.58 percent week on week to 92.47.
Turkish HRC Index declined in the given week, with the index value falling by 0.89 percent week on week to 68.98.
Black Sea HRC Export Index maintained its downward movement in the given week, with the index value declining by 1.33 percent week on week to 69.55.
Turkish HDG Index decreased by 0.81 percent week on week to 76.97.
Turkish CRC Index has not shown any change week on week. The index value stayed at 78.08.
*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.