In the week from November 26 to December 2, on the Orbis Steel Index the scrap indexes moved downwards for the third consecutive week. In the given week, the Turkish rebar index maintained its downward movement. The Black Sea HRC export index started to increase, while the other flat rolled indexes have not shown any changes compared to the previous week.
As per the Orbis Steel Index data, the index movements in the week from November 26 to December 2 as per product are as follows:
Turkish Scrap Index continued to move downwards. The index value decreased by 0.87 percent week on week to 163.18.
US (East Coast) HMS I/II Scrap Export Index dropped by 1.34 percent to 172.94 compared to the previous week.
Turkish Rebar Index maintained its downward movement in the given week. The index value declined 0.15 percent to 145.44 compared to the previous week.
Turkish HRC Index has not shown any changes in the week in question. The index value remained at 101.63.
Black Sea HRC Export Index moved upwards in the given week, with the index value rising 1.95 percent to 99.29.
Turkish HDG Index continued to move sideways. The index value stayed at 95.27.
Turkish CRC Index moved sideways for the fourth consecutive week, with the index value remaining at 98.29.
*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
