General increasing trend on Orbis Steel Index

Monday, 26 December 2011 17:20:21 (GMT+3)   |  
       

In the week from December 19 to December 25, the scrap indexes continued to increase for the fourth consecutive week on the Orbis Steel Index. Upward movement has been observed in all the flat rolled products. The Turkish rebar index maintained its increase, marking the fifth consecutive week of upward movement.

As per the Orbis Steel Index data, the index movements in the week from December 19 to December 25 as per product are as follows:
 
Turkish Scrap Index increased to 191.28, up 0.25 percent compared to the previous week.
 
US (East Coast) HMS I/II Scrap Export Index increased by 0.23 percent in the given week to 201.18.
 
Turkish Rebar Index increased for the fifth consecutive week. The index value rose by 1.38 percent week on week to 168.68.

Turkish HRC Index increased by 1.51 percent to 108.94 in the given week.
 
Black Sea HRC Export Index moved upwards this week. The index value increased by 0.22 percent week on week to 107.35.
 
Turkish HDG Index switched to sideways movement this week. The index value remained at 107.26.
 
Turkish CRC Index increased by 0.64 percent to 108.22 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.


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