In the week from December 22 to December 28, on the Orbis Steel Index the scrap indexes moved downwards. In the given week, the Turkish rebar index started to decrease, while the Turkish flat rolled indexes mostly moved sideways.
As per the Orbis Steel Index data, the index movements in the week from December 22 to December 28 as per product are as follows:
Turkish Scrap Index moved downwards with the index value falling by 0.98 percent to 126.79 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index decreased by 1.38 percent to 134.12 compared to the previous week.
Turkish Rebar Index started to decrease, with the index value falling 2.24 percent week on week to 115.49.
Turkish HRC Index maintained its sideways movement. The index value stayed at 92.68.
Black Sea HRC Export Index continued to decrease, with the index value falling 1.17 percent week on week to 80.57.
Turkish HDG Index moved downwards in the given week. The index value declined by one percent to 93.38 compared to the previous week.
Turkish CRC Index moved sideways, with the index value remaining at 87.67.
*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.