In the week from March 13 to March 19, on the Orbis Steel Index the scrap indexes moved downwards, the Turkish rebar index started to decrease, while the Turkish flat rolled indexes continued to record either upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from March 13 to March 19 as per product are as follows:
Turkish Scrap Index switched to downward movement. The index value decreased by 0.98 percent to 114.97 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index declined by 0.87 percent to 133.65 compared to the previous week.
Turkish Rebar Index moved downwards by 0.31 percent week on week to 107.47.
Turkish HRC Index increased by 1.5 percent week on week to 86.63.
Black Sea HRC Export Index moved upwards in the given week, with the index value rising by 1.2 percent week on week to 95.51.
Turkish HDG Index did not show any change week on week. The index value stayed at 95.9.
Turkish CRC Index started to increase, with the index value rising 1.48 percent week on week to 93.84.
*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.