In the week from August 20 to August 26, on the Orbis Steel Index, the Turkish scrap index moved sideways, the US (East Coast) HMS I/II scrap export index declined, the Turkish rebar index remained stable, while the Turkish flat rolled indexes indicated sideways movement.
As per the Orbis Steel Index data, the index movements in the week from August 20 to August 26 as per product are as follows:
Turkish Scrap Index followed a stable trend compared to the previous week. The index value remained at 114.34.
US (East Coast) HMS I/II Scrap Export Index continued to decrease, with the index value falling by 0.43 percent week on week to 133.18.
Turkish Rebar Index did not show any change week on week, with the index value remaining at 121.37.
Turkish HRC Index continued its stable movement in the given week, with the index value staying at 97.54.
Black Sea HRC Export Index indicated stable movement, with the index value staying at 106.93.
Turkish HDG Index remained unchanged at 93.38.
Turkish CRC Index maintained its stable movement in the given week, with the index value staying 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.