In the week from December 4 to December 10, on the Orbis Steel Index the scrap indexes continued to increase, the Turkish rebar index maintained its rising movement, while the Turkish flat rolled indexes either increased or moved sideways.
As per the Orbis Steel Index data, the index movements in the week from December 4 to December 10 as per product are as follows:
Turkish Scrap Index continued to increase, with the index value rising 5.46 percent to 137.27 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index maintained its upward movement. The index value went up by 4.61 percent week on week to 148.09.
Turkish Rebar Index continued to move upwards in the given week, with the index value increasing by 1.49 percent week on week to 131.84.
Turkish HRC Index remained at 89.15 in the given week.
Black Sea HRC Export Index did not show any change week on week, with the index value remaining at 99.47
Turkish HDG Index went up by 2.79 percent to 92.74 compared to the previous week.
Turkish CRC Index continued to move sideways in the given week, with the index value remaining at 91.78.
*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