In the week from January 9 to January 15, the
scrap indexes switched to sideways movement on the Orbis Steel Index. All the flat rolled products moved sideways, except for the Turkish HDG index which registered a week-on-week increase. During the given week, the Turkish
rebar index started to move downward.
As per the Orbis Steel Index data, the index movements in the week from January 9 to January 15 as per product are as follows:
Turkish Scrap Index has not shown any changes compared to the previous week. The index value stayed at 193.5.
US (East Coast) HMS I/II Scrap Export Index switched to sideways movement in the given week. The index value stayed at 205.41.
Turkish Rebar Index decreased by 1.92 percent week on week to 165.27.
Turkish HRC Index maintained sideways movement this week, remaining at 107.32.
Black Sea HRC Export Index moved sideways again in the given week. The index value stayed at 107.35.
Turkish HDG Index increased by 1.79 percent to 107.89 compared to the previous week.
Turkish CRC Index has not shown any changes compared to the previous week. The index value remained at 108.22.
*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.