In the week from June 1 to June 7, on the Orbis Steel Index the Turkish scrap index continued to decrease, while the US (East Coast) HMS I/II scrap export index switched to sideways movement. In the given week, the Turkish rebar index maintained its downward movement, while the Turkish flat rolled indexes moved sideways.
As per the Orbis Steel Index data, the index movements in the week from June 1 to June 7 as per product are as follows:
Turkish Scrap Index moved downwards, with index value falling 0.42 percent to 111.73 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index switched to sideways movement. The index value remained at 117.65.
Turkish Rebar Index continued to decline. The index value decreased by 3.13 percent week on week to 105.2.
Turkish HRC Index moved sideways in the given week. The index value stayed at 74.39.
Black Sea HRC Export Index has not shown any changes compared to the previous week, remaining stable at 70.38.
Turkish HDG Index continued to move sideways, with the index value staying at 80.13.
Turkish CRC Index indicated stable movement, with the index value staying at 77.05.
*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.