In the week from August 27 to September 2, on the Orbis Steel Index, the scrap indexes increased, the Turkish rebar index moved upwards, while the Turkish flat rolled indexes showed either downward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from August 27 to September 2 as per product are as follows:
Turkish Scrap Index moved upwards, rising 5.12 percent week on week to 122.27.
US (East Coast) HMS I/II Scrap Export Index increased by 1.54 percent to 138.82 compared to the previous week.
Turkish Rebar Index started to increase. The index value rose by 2.56 percent week on week to 124.48.
Turkish HRC Index decreased by 0.79 percent week on week to 96.77.
Black Sea HRC Export Index declined by 0.88 percent to 105.99 compared to the previous week.
Turkish HDG Index maintained its sideways movement. The index value stayed at 93.38.
Turkish CRC Index has not shown any change week on week, with the index value 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.