In the week from July 11 to July 17, on the Orbis Steel Index the scrap indexes moved on an upward trend. In the same week, the Turkish rebar index switched to a downward trend, while the Turkish flat rolled indexes showed downward movement.
As per the Orbis Steel Index data, the index movements in the week from July 11 to July 17 as per product are as follows:
Turkish Scrap Index increased by 0.41 percent to 88.5 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index started to increase, with the index value rising 0.98 percent week on week to 96.47.
Turkish Rebar Index switched to a downward trend, decreasing by 1.82 percent to 91.57 compared to the previous week.
Turkish HRC Index went down by 1.81 percent to 67.73 compared to the previous week.
Black Sea HRC Export Index has not shown any change week on week, with the index value remaining at 69.55.
Turkish HDG Index started to decrease. The index value declined by 6.56 percent week on week to 71.92
Turkish CRC Index declined by 2.63 percent to 76.03 in the given week compared to the previous week.
*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.