In the week from January 13 to January 19, on the Orbis Steel Index the Turkish scrap index started to increase, while the US (East Coast) HMS I/II scrap export index maintained its sideways movement for the fifth consecutive week. In the given week, the Turkish rebar index continued its upward movement, while the Turkish flat rolled product indexes started to move downward.
As per the Orbis Steel Index data, the index movements in the week from January 13 to January 19 as per product are as follows:
Turkish Scrap Index increased by 0.51 percent to 170.68 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index maintained its sideways movement. The index value stayed at 170.59.
Turkish Rebar Index continued to increase with the index value rising by 0.21 percent week on week to 153.61.
Turkish HRC Index started to move downwards, with the index value falling 1.65 percent week on week to 96.75.
Black Sea HRC Export Index has not shown any changes compared to the previous week. The index value remained at 104.5.
Turkish HDG Index decreased by 0.62 percent to 100.32 compared to the previous week.
Turkish CRC Index moved downwards in the given week, with the index value declining by 1.7 percent week on week to 98.63.
*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.