In the week from August 4 to August 10, on the Orbis Steel Index the Turkish scrap maintained its upward movement, while the US (East Coast) HMS I/II scrap export index continued to move sideways. In the given week, the Turkish rebar index increased, while the Turkish flat rolled product indexes showed both upward and downward movement.
As per the Orbis Steel Index data, the index movements in the week from August 4 to August 10 as per product are as follows:
Turkish Scrap Index moved up slightly, with the index value rising by 0.19 percent to 150.13 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved sideways, with the index value staying at 159.29
Turkish Rebar Index started to increase in the given week, with the index value rising by 2.23 percent to 132.41 compared to the previous week.
Turkish HRC Index increased by 1.66 percent week on week to 100.
Black Sea HRC Export Index maintained its sideways movement. The index value remained at 102.61.
Turkish HDG Index moved downwards in the week in question, with the index value falling 0.62 percent to 100.32.
Turkish CRC Index started to increase, with the index value rising by 1.47 percent to 94.52 compared to the previous week.
*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.
