In the week from November 18 to November 24, on the Orbis Steel Index the scrap indexes moved sideways. In the given week, the Turkish rebar maintained its downward movement, while the Turkish flat rolled product indexes saw both downward and sideways movement.
As per the Orbis Steel Index data, the index movements in the week from November 18 to November 24 as per product are as follows:
Turkish Scrap Index switched to sideways movement, with the index value remaining at 167.98.
US (East Coast) HMS I/II Scrap Export Index moved sideways in the given week. The index value stayed at 168.
Turkish Rebar Index continued to move downwards, with the index value falling by 1.39 percent week on week to 149.73.
Turkish HRC Index decreased by 0.42 percent to 98.37 compared to the previous week.
Black Sea HRC Export Index has not shown any changes compared to the previous week, with the index value staying at 102.37.
Turkish HDG Index moved sideways in the week in question, with the index value staying at 100.95.
Turkish CRC Index switched to sideways movement. The index value remained at 100.34.
*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