In the week from September 24 to September 30, on the Orbis Steel Index, the Turkish scrap index declined, the US (East Coast) HMS I/II scrap export index moved sideways, while the Turkish rebar index continued to decline and the Turkish flat rolled indexes showed upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from September 24 to September 30 as per product are as follows:
Turkish Scrap Index declined in the given week, with the index value falling by 0.31 percent to 127.22.
US (East Coast) HMS I/II Scrap Export Index moved sideways compared to the previous week, remaining at 142.59.
Turkish Rebar Index moved downwards, falling by 1.48 percent week on week to 120.13.
Turkish HRC Index increased by 0.46 percent week on week to 94.89.
Black Sea HRC Export Index remained stable at 102.19.
Turkish HDG Index did not change week on week, with the index value staying at 92.74.
Turkish CRC Index moved sideways in the given week, with the index value remaining stable at 93.84.
*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.