In the week from July 29 to August 4, scrap indexes continued to move upward on the Orbis Steel Index. In the given week, the Turkish rebar index maintained its upward movement. Meanwhile, the Turkish flat rolled product indexes also increased. No downward movement was observed on the Orbis Steel Index.
As per the Orbis Steel Index data, the index movements in the week from July 29 to August 4 as per product are as follows:
Turkish Scrap Index continued to move upwards, with the index value rising by 0.81 percent week on week to 158.79.
US (East Coast) HMS I/II Scrap Export Index increased by 1.49 percent to 161.18 compared to the previous week.
Turkish Rebar Index increased by 0.95 percent week on week to 150.58.
Turkish HRC Index moved upwards for the second consecutive week. The index value increased by 1.2 percent week on week to 102.85.
Black Sea HRC Export Index started to increase, with the index rising by 5.17 percent week on week to 101.18.
Turkish HDG Index continued to increase, with the index value moving up by 1.17 percent to 108.52 compared to the previous week.
Turkish CRC Index increased by 1.01 percent in the week in question to 103.08 compared to 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
