In the week from January 22 to January 28, on the Orbis Steel Index the scrap indexes continued to decline, the Turkish rebar index maintained its downward trend, while the Turkish flat rolled indexes moved sideways.
As per the Orbis Steel Index data, the index movements in the week from January 22 to January 28 as per product are as follows:
Turkish Scrap Index maintained its downward movement, with the index value falling by 0.44 percent week on week to 144.89.
US (East Coast) HMS I/II Scrap Export Index declined by 0.14 percent to 165.41 compared to the previous week.
Turkish Rebar Index continued to move downwards, with the index value falling 1.83 percent week on week to 132.76.
Turkish HRC Index remained stable in the given week, with the index value staying at 101.09.
Black Sea HRC Export Index maintained its sideways movement, with the index value remaining at 112.62.
Turkish HDG Index followed a stable trend, with the index value staying at 99.68 compared to the previous week.
Turkish CRC Index did not show any change week on week. The index value stayed 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.