In the week from March 9 to March 15, on the Orbis Steel Index the Turkish scrap index moved upwards, while the US (East Coast) HMS I/II scrap export index declined. In the given week, the Turkish rebar index started to decline, while the Turkish flat rolled indexes mostly moved downwards.
As per the Orbis Steel Index data, the index movements in the week from 9 to March 15 as per product are as follows:
Turkish Scrap Index moved upwards, with the index value rising 4.34 percent week on week to 104.99.
US (East Coast) HMS I/II Scrap Export Index decreased by 1.54 percent to 105.41 compared to the previous week.
Turkish Rebar Index moved downwards, with the index value falling 0.95 percent week on week to 103.82.
Turkish HRC Index decreased by 2.93 to 80.89 compared to the previous week.
Black Sea HRC Export Index started to move downwards in the given week. The index value decreased by 2.81 percent week on week to 73.7.
Turkish HDG Index switched to downward movement with the index value falling 1.48 percent week on week to 83.91.
Turkish CRC Index maintained its sideways movement. The index value stayed at 84.93.
*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.