In the week from December 30 to January 5, on the Orbis Steel Index the Turkish scrap index moved upwards, while the US (East Coast) HMS I/II scrap export index followed a stable trend. In the given week, the Turkish rebar index maintained its upward movement, while the Turkish flat rolled product indexes continued to move sideways.
As per the Orbis Steel Index data, the index movements in the week from December 30 to January 5 as per product are as follows:
Turkish Scrap Index moved upwards, with the index value rising by 0.52 percent week on week to 169.81.
US (East Coast) HMS I/II Scrap Export Index maintained its sideways movement, with the index value staying at 170.59.
Turkish Rebar Index continued to increase, with the index value rising by 0.76 percent to 152.12 compared to the previous week.
Turkish HRC Index followed a stable trend. The index value remained at 98.37.
Black Sea HRC Export Index moved sideways in the week in question, with the index value remaining at 104.5.
Turkish HDG Index did not show any changes compared to the previous week. The index value stayed at 100.95.
Turkish CRC Index maintained its sideways movement. The index value stayed 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.