In the week from December 12 to December 18, the scrap indexes maintained their upward movement on the Orbis Steel Index, with an increase observed in the growth rates. The Turkish rebar index also continued to increase in the given week. On the other hand, flat rolled products registered no increases.
As per the Orbis Steel Index data, the index movements in the week from December 12 to December 18 as per product are as follows:
Turkish Scrap Index increased by 5.06 percent week on week in the given week to 190.8.
US (East Coast) HMS I/II Scrap Export Index increased by 5.97 percent to 200.71 compared to the previous week.
Turkish Rebar Index continued to increase this week. The index value rose by 2.15 percent week on week to 166.39.
Turkish HRC Index started to decrease again in the given week. The index value dropped by 0.75 percent compared to the previous week to 107.32.
Black Sea HRC Export Index decreased by 0.44 percent week on week to 106.64, marking the seventh consecutive week of downward movement.
Turkish HDG Index decreased by 1.16 percent week on week to 107.26.
Turkish CRC Index dropped by 0.64 percent to 107.53 compared to the previous week.
*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.