In the week from February 28 to March 6, most products on the Orbis Steel Index are observed to have followed a stable trend.
As of March 7, 2011, week-on-week movements on the Orbis Steel Index are as follows:
Turkey Scrap Index has not seen any week-on-week change, with the index value remaining at 185.27.
US (East Cost) HMS I/II Scrap Export Index has not indicated any decline as compared to the previous week, with the index value continuing at the level of 191.01.
Turkish Rebar Index has risen by 0.04 percent to 157.14 after the decrease in the previous week.
Turkish HRC Index has followed a neutral trend this week, remaining at 128.45 for the third week in a row.
Black Sea HRC Index has continued to indicate stability, still at 148.1
*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.