In the week from November 21 to November 27, on the Orbis Steel Index the scrap indexes moved downwards, the Turkish rebar index started to decrease, while the Turkish flat rolled product indexes indicated upward or stable movement.
As per the Orbis Steel Index data, the index movements in the week from November 21 to November 27 as per product are as follows:
Turkish Scrap Index switched to downward movement, with the index value falling 2.46 percent week on week to 104.01.
US (East Coast) HMS I/II Scrap Export Index decreased by 0.79 percent to 119.76 compared to the previous week.
Turkish Rebar Index moved downwards by 0.21 percent week on week to 104.44.
Turkish HRC Index rose by 2.63 percent to 82.99 compared to the previous week.
Black Sea HRC Export Index started to increase, with the index value rising 1.2 percent week on week to 90.47.
Turkish HDG Index switched to sideways movement, remaining at 89.59.
Turkish CRC Index increased by 2.51 percent to 84.25 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