In the week from January 1 to January 7, on the Orbis Steel Index the scrap indexes continued to rise, the Turkish rebar index declined, while the Turkish flat rolled indexes indicated upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from January 1 to January 7 as per product are as follows:
Turkish Scrap Index continued its rising movement, with the index value increasing by 2.01 percent week on week to 147.44.
US (East Coast) HMS I/II Scrap Export Index went up by 4.35 percent to 169.41 compared to the previous week.
Turkish Rebar Index moved downwards by 0.62 percent week on week to 135.7.
Turkish HRC Index continued to move sideways in the given week. The index value remained at 96.89.
Black Sea HRC Export Index remained stable in the given week, with the index value staying at 107.71.
Turkish HDG Index did not show any changes compared to the previous week. The index value stayed at 98.42.
Turkish CRC Index moved upwards, with the index value rising by 2.82 percent week on week to 100.
*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