In the week from May 13 to May 19, the scrap indexes declined further on the Orbis Steel Index. In the given week, the Turkish rebar index continued to decrease, while Black Sea HRC export index switched to sideways movement. The Turkish flat rolled product indexes maintained their stable trends.
As per the Orbis Steel Index data, the index movements in the week from May 13 to May 19 as per product are as follows:
Turkish Scrap Index moved downwards, with the index value falling 0.91 percent week on week to 155.84.
US (East Coast) HMS I/II Scrap Export Index decreased by 1.04 percent to 156.47 compared to the previous week.
Turkish Rebar Index continued to decrease in the given week. The index value declined by 0.39 percent week on week to 143.35.
Turkish HRC Index maintained its sideways movement, with the index value staying at 100.
Black Sea HRC Export Index switched to a stable trend. The index value remained at 100.95.
Turkish HDG Index moved sideways for the fifth week in a row. The index value stayed at 102.84.
Turkish CRC Index continued its stable movement in the week in question, with the index value remaining at 103.42.
*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
