In the week from February 3 to February 9, on the Orbis Steel Index the scrap indexes moved downwards. In the given week, the Turkish rebar index continued to decrease, while the Turkish flat rolled product indexes followed a stable trend.
As per the Orbis Steel Index data, the index movements in the week from February 3 to February 9 as per product are as follows:
Turkish Scrap Index decreased by 2.01 percent week on week to 162.6.
US (East Coast) HMS I/II Scrap Export Index maintained its downward movement, with the index value falling 3.16 percent week on week to 158.82.
Turkish Rebar Index continued to decrease in the given week. The index value declined by 2.71 percent to 150.6 compared to the previous week.
Turkish HRC Index has not shown any changes compared to the previous week, with the index value remaining at 96.75.
Black Sea HRC Export Index decreased by 0.68 percent to 103.79 compared to the previous week.
Turkish HDG Index moved sideways, with the index value staying at 99.68.
Turkish CRC Index followed a stable trend. The index value remained at 96.58.
*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.