In the week from December 15 to December 21, on the Orbis Steel Index the scrap indexes continued to move upwards. In the given week, the Turkish rebar index maintained its upward movement, while the Turkish flat rolled indexes moved sideways.
As per the Orbis Steel Index data, the index movements in the week from December 15 to December 21 as per product are as follows:
Turkish Scrap Index moved upwards with the index value rising by 2.3 percent week on week to 128.05.
US (East Coast) HMS I/II Scrap Export Index continued to increase, with the index value rising by 2.12 percent week on week to 136.
Turkish Rebar Index maintained its upward movement. The index value increased by 1.35 percent to 118.14 compared to the previous week.
Turkish HRC Index has not shown any changes compared to the previous week. The index value remained at 92.68.
Black Sea HRC Export Index moved downwards in the given week. The index value decreased by 8.51 percent week on week to 81.52.
Turkish HDG Index switched to sideways movement, with the index value staying at 94.32.
Turkish CRC Index moved sideways, with the index value staying at 87.67.
*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.