In the week from January 29 to February 4, on the Orbis Steel Index the scrap indexes continued to decrease, the Turkish rebar index continued to move downwards, while the Turkish flat rolled indexes maintained their sideways movement.
As per the Orbis Steel Index data, the index movements in the week from January 29 to February 4 as per product are as follows:
Turkish Scrap Index continued its downward trend. The index value decreased by 3.07 percent week on week to 139.43.
US (East Coast) HMS I/II Scrap Export Index decreased by 6.83 percent to 154.12 compared to the previous week.
Turkish Rebar Index continued its downward movement, with the index value falling by 1.52 percent week on week to 130.74.
Turkish HRC Index maintained its sideways movement, with the index value remaining at 101.09.
Black Sea HRC Export Index remained unchanged at 112.62.
Turkish HDG Index did not show any change week on week. The index value stayed at 99.68.
Turkish CRC Index continued to remain stable in the given week, with the index value staying 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.