In the week from February 19 to February 25, on the Orbis Steel Index the scrap indexes maintained their rising movement, the Turkish rebar index continued to increase, while the Turkish flat rolled indexes showed either upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from February 19 to February 25 as per product are as follows:
Turkish Scrap Index maintained its upward movement. The index value went up by 2.79 percent week on week to 143.51.
US (East Coast) HMS I/II Scrap Export Index continued to increase, with the index value rising 2.57 percent to 159.76 compared to the previous week.
Turkish Rebar Index continued to move upwards, rising 1.89 percent week on week to 141.31.
Turkish HRC Index continued to rise. The index value went up by 0.76 percent week on week to 102.4.
Black Sea HRC Export Index moved downwards, with the index value falling by 1.68 percent week on week to 110.73.
Turkish HDG Index did not show any change week on week, with the index value remaining at 99.05.
Turkish CRC Index remained unchanged week on week at 100.68.
*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.