In the week from November 14 to November 20, the Turkish rebar index has moved downwards, after the slight increase in the previous week. Meanwhile, the scrap indexes maintained their sideways movement in the given week on the Orbis Steel Index. In the week in question, the Turkish HRC index moved sideways for the fifth consecutive week.
As per the Orbis Steel Index data, the index movements in the week from November 14 to November 20 as per product are as follows:
Turkish Scrap Index moved sideways again in the week in question. The index value remained at 176.86.
US (East Coast) HMS I/II Scrap Export Index did not show any changes compared to the previous week. The index value stayed at 182.35.
Turkish Rebar Index started to decrease again this week. The index value dropped by 1.34 percent to 155.82.
Turkish HRC Index moved downwards for the fifth consecutive week. The index value decreased by 1.44 percent to 111.38 compared to the previous week.
Black Sea HRC Export Index decreased by 0.82 percent to 114.22 compared to the previous week.
Turkish HDG Index continued to decrease in the given week, declining by 1.12 percent to 111.04.
Turkish CRC Index switched to a downward movement in the week in question, with the index value dropping 3.55 percent to 111.64.
*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.