In the week from September 10 to September 16, on the Orbis Steel Index, the Turkish scrap index moved upwards, the US (East Coast) HMS I/II scrap export index decreased, while the Turkish rebar index continued to decline and the Turkish flat rolled indexes showed downward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from September 10 to September 16 as per product are as follows:
Turkish Scrap Index continued to move upwards in the given week, with the index value rising by 2.87 percent to 125.81.
US (East Coast) HMS I/II Scrap Export Index decreased by 0.33 percent to 140.94 compared to the previous week.
Turkish Rebar Index continued to move downwards in the given week. The index value decreased by 1.37 percent week on week to 119.94
Turkish HRC Index declined by 1.19 percent week on week to 94.46.
Black Sea HRC Export Index did not show any change week on week. The index value stayed at 102.19.
Turkish HDG Index remained stable in the given week, with the index value staying at 92.74.
Turkish CRC Index maintained its downward movement, with the index value declining by 2.84 percent week on week to 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.