In the week from September 12 to September 18, on the Orbis Steel Index the Turkish scrap index declined, while the US (East Coast) HMS I/II Scrap Export Index remained stable. In the given week, the Turkish rebar index moved sideways, while the Turkish flat rolled indexes indicated sideways movement.
As per the Orbis Steel Index data, the index movements in the week from September 12 to September 18 as per product are as follows:
Turkish Scrap Index moved downwards, with the index value falling 0.58 percent week on week to 90.57.
US (East Coast) HMS I/II Scrap Export Index remained stable, with the index value still at 98.35.
Turkish Rebar Index has not shown any change week on week, with the index value remaining at 90.58.
Turkish HRC Index followed a stable trend, with the index value staying at 67.45 compared to the previous week.
Black Sea HRC Export Index switched to sideways movement, with the index value staying at 74.95.
Turkish HDG Index moved sideways in the given week. The index value remained at 74.45.
Turkish CRC Index continued to move sideways, with the index value staying at 76.03.
*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