In the week from January 15 to January 21, on the Orbis Steel Index the scrap indexes decreased, the Turkish rebar index moved downwards, 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 January 15 to January 21 as per product are as follows:
Turkish Scrap Index switched to downward movement, with the index value falling 1.1 percent week on week to 145.53.
US (East Coast) HMS I/II Scrap Export Index decreased by 0.84 percent to 165.65 compared to the previous week.
Turkish Rebar Index started to decline in the given week. The index value fell by 0.7 percent week on week to 135.24.
Turkish HRC Index increased by 0.57 percent to 101.09 compared to the previous week.
Black Sea HRC Export Index did not show any change week on week, with the index value remaining at 112.62.
Turkish HDG Index moved upwards by 1.28 percent week on week to 99.68.
Turkish CRC Index remained unchanged 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.