Scrap indexes still rise on Orbis Steel Index

In the week from January 2 to January 8, while the scrap indexes increased in the given week, marking six consecutive weeks of upward movement on the Orbis Steel Index, the Turkish rebar index switched to sideways movement. Meanwhile, the Turkish HDG index started to increase after weeks of downward and sideways movements.
 
As per the Orbis Steel Index data, the index movements in the week from January 2 to January 8 as per product are as follows:
 
Turkish Scrap Index continued to increase in the given week. The index value rose by 0.33 percent week on week to 193.5.
 
US (East Coast) HMS I/II Scrap Export Index increased by 0.92 percent to 205.41 compared to the previous week.
 
Turkish Rebar Index has not shown any changes compared to the previous week. The index value stayed at 168.51.
 
Turkish HRC Index continued to decrease this week. The index value fell 0.75 percent week on week to 107.32.
 
Black Sea HRC Export Index maintained sideways movement in the given week. The index value remained at 107.35.
 
Turkish HDG Index started to move upwards. The index value increased by 1.17 percent week on week to 108.52.
 
Turkish CRC Index moved sideways again this week. The index value remained at 108.22.
 
 
*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.