In the week from January 4 to January 10, on the Orbis Steel Index the scrap indexes indicated upward movement. In the given week, the Turkish rebar index started to move upwards, while the Turkish flat rolled product indexes remained stable.
As per the Orbis Steel Index data, the index movements in the week from January 4 to January 10 as per product are as follows:
Turkish Scrap Index increased by 1.36 percent to 74.74 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved upwards, rising 3.03 percent week on week to 80.24.
Turkish Rebar Index moved upwards. The index value increased by 1.84 percent to 78.04 compared to the previous week.
Turkish HRC Index moved sideways with the index value remaining stable at 57.32.
Black Sea HRC Export Index has not shown any changes compared to the previous week. The index value stayed at 50.24.
Turkish HDG Index maintained its sideways movement. The index value stayed at 75.71.
Turkish CRC Index moved sideways, with the index value remaining at 60.27.
*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.