In the week from October 22 to October 28, on the Orbis Steel Index the scrap indexes moved sideways. In the given week, the Turkish rebar index maintained upward movement. The Turkish flat rolled product indexes have not shown any changes compared to the previous week, with the Turkish HDG index marking the third consecutive week of sideways movement.
As per the Orbis Steel Index data, the index movements in the week from October 22 to October 28 as per product are as follows:
Turkish Scrap Index switched to sideways movement. The index value stayed at 154.96.
US (East Coast) HMS I/II Scrap Export Index has not changed compared to the previous week. The index value remained at 161.18.
Turkish Rebar Index continued to increase, with the index value rising by 1.41 percent week on week to 144.68.
Turkish HRC Index moved sideways in the week in question. The index value remained at 101.63.
Black Sea HRC Export Index switched to sideways movement, with the index value staying at 95.26.
Turkish HDG Index has not shown any changes compared to the previous week. The index value remained at 95.27.
Turkish CRC Index moved sideways in the given week. The index value stayed at 99.32.
*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