In the week from November 6 to November 12, on the Orbis Steel Index the scrap indexes moved on an downward trend, the Turkish rebar index continued to decrease, while the Turkish flat rolled indexes indicated downward movement.
As per the Orbis Steel Index data, the index movements in the week from November 6 to November 12 as per product are as follows:
Turkish Scrap Index moved downwards by 1.52 percent week on week to 119.61.
US (East Coast) HMS I/II Scrap Export Index declined by 1.87 percent to 135.76 compared to the previous week.
Turkish Rebar Index fell by 0.42 percent week on week to 124.26.
Turkish HRC Index continued its downward trend. The index value decreased by 1.71 percent week on week to 91.15.
Black Sea HRC Export Index started to decrease, with the index value falling 1.53 percent week on week to 102.32.
Turkish HDG Index decreased by 2.71 percent week on week to 90.85.
Turkish CRC Index went down by 2.86 percent to 93.15 compared to the previous week.
*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.