In the week from October 29 to November 4, on the Orbis Steel Index the scrap indexes moved upwards. In the given week, the Turkish rebar index increased for the third consecutive week. While the Turkish CRC index started to move downwards, other flat rolled product indexes have not shown any changes compared to the previous week.
As per the Orbis Steel Index data, the index movements in the week from October 29 to November 4 as per product are as follows:
Turkish Scrap Index moved upwards in the given week. The index value increased by 4.5 percent to 161.93.
US (East Coast) HMS I/II Scrap Export Index increased by 7.3 percent week on week to 172.94.
Turkish Rebar Index increased for the third consecutive week, with the index value rising by 2.4 percent to 148.15 compared to the previous week.
Turkish HRC Index maintained sideways movement. The index value stayed at 101.63.
Black Sea HRC Export Index moved sideways in the week in question, with the index value remaining at 95.26.
Turkish HDG Index moved sideways for the fourth consecutive week. The index value remained at 95.27.
Turkish CRC Index decreased by 1.04 percent to 98.29 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