In the week from July 2 to July 8, on the Orbis Steel Index the Turkish scrap index moved downwards, the US (East Coast) scrap index increased, the Turkish rebar index declined, while the Turkish flat rolled indexes indicated upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from July 2 to July 8 as per product are as follows:
Turkish Scrap Index moved downwards, with the index value falling 0.67 percent week on week to 140.12.
US (East Coast) HMS I/II Scrap Export Index increased by 0.3 percent to 157.41 compared to the previous week.
Turkish Rebar Index moved downwards by 1.1percent week on week to 130.68.
Turkish HRC Index went up by 0.5 percent to 99.34 compared to the previous week.
Black Sea HRC Export Index followed a stable trend, with the index value staying at 107.71 week on week.
Turkish HDG Index continued to increase, with the index value rising by 1.28 percent to 100.32 compared to the previous week.
Turkish CRC Index moved sideways in the given week. The index value remained at 99.32.
*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.