In the week from February 17 to February 23, on the Orbis Steel Index the
scrap indexes continued to decline. In the given week, the Turkish
rebar index moved downwards, while the Turkish flat rolled product indexes mostly moved sideways or indicated slight fluctuations.
As per the Orbis Steel Index data, the index movements in the week from February 17 to February 23 as per product are as follows:
Turkish Scrap Index decreased by 1.02 percent week on week to 154.11.
US (East Coast) HMS I/II Scrap Export Index moved downwards, with the index value falling 3.07 percent to 148.94 compared to the previous week.
Turkish Rebar Index continued to decrease in the given week. The index value fell 0.4 percent to 148.94 compared to the previous week.
Turkish HRC Index has not shown any changes compared to the previous week, with the index value staying at 96.75.
Black Sea HRC Export Index started to increase, with the index value rising 0.7 percent week on week to 102.84.
Turkish HDG Index maintained sideways movement, with the index value remaining at 99.68.
Turkish CRC Index moved downwards in the week in question, with the index value declining by 0.71 percent to 95.89.
*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.