In the week from October 7 to October 13, on the Orbis Steel Index the scrap index values registered upward movement. In the given week, the Turkish rebar index continued to increase, while the Turkish flat rolled product indexes indicated sideways movement.
As per the Orbis Steel Index data, the index movements in the week from October 7 to October 13 as per product are as follows:
Turkish Scrap Index moved upwards in the given week, with the index value rising by 2.83 percent week on week to 161.2.
US (East Coast) HMS I/II Scrap Export Index increased by 4.26 percent to 161.18 compared to the previous week.
Turkish Rebar Index increased by a slight margin of 0.16 percent to 146.98 compared to the previous week.
Turkish HRC Index continued to move sideways, with the index value staying at 97.15.
Black Sea HRC Export Index has not shown any changes compared to the previous week. The index value remained at 101.9.
Turkish HDG Index switched to sideways movement in the week in question, with the index value staying at 99.68.
Turkish CRC Index maintained its sideways movement, with the index value remaining at 98.97.
*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