In the week from August 6 to August 12, on the Orbis Steel Index the scrap indexes continued to decline, the Turkish rebar index continued its upward movement, while the Turkish flat rolled indexes moved sideways.
As per the Orbis Steel Index data, the index movements in the week from August 6 to August 12 as per product are as follows:
Turkish Scrap Index maintained its downward movement, with the index value falling by 2.25 percent week on week to 132.05.
US (East Coast) HMS I/II Scrap Export Index declined by 0.32 percent to 144.47 compared to the previous week.
Turkish Rebar Index continued to move upwards, with the index value rising by 2.43 percent week on week to 133.85.
Turkish HRC Index remained stable in the given week, with the index value staying at 97.54.
Black Sea HRC Export Index maintained its sideways movement, with the index value remaining at 106.93.
Turkish HDG Index remained unchanged at 95.27.
Turkish CRC Index continued its stable movement in the given week, with the index value staying 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.