In the week from June 22 to June 28, on the Orbis Steel Index the scrap indexes declined. In the given week, the Turkish rebar index continued to move downwards, while the Turkish flat rolled indexes followed a stable trend.
As per the Orbis Steel Index data, the index movements in the week from June 22 to June 28 as per product are as follows:
Turkish Scrap Index maintained its downward movement, with the index value falling by 2.28 percent week on week to 107.06.
US (East Coast) HMS I/II Scrap Export Index decreased by 2.04 percent to 112.94 compared to the previous week.
Turkish Rebar Index moved downwards by 0.97 percent week on week to 99.69.
Turkish HRC Index remained stable in the given week, with the index value staying at 74.39.
Black Sea HRC Export Index started to move downwards, with the index value falling 1.03 percent week on week to 68.01.
Turkish HDG Index maintained its sideways movement, with the index value remaining at 80.76.
Turkish CRC Index has not shown any changes compared to the previous week. The index value stayed at 77.05.
*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.