In the week from November 30 to December 6, on the Orbis Steel Index the scrap indexes continued to decline. In the given week, the Turkish rebar index maintained its upward movement, while the Turkish flat rolled indexes still indicated upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from November 30 to December 6 as per product are as follows:
Turkish Scrap Index maintained its downward movement, with the index value falling by 2.49 percent week on week to 75.93.
US (East Coast) HMS I/II Scrap Export Index moved downwards by 1.16 percent week on week to 80.24
Turkish Rebar Index maintained its upward movement. The index value increased by 0.37 percent week on week to 81.07.
Turkish HRC Index continued to move upwards, with the index value rising 1.45 percent week on week to 57.32.
Black Sea HRC Export Index switched to sideways movement in the given week. The index value stayed at 51.66.
Turkish HDG Index remained stable in the given week, with the index value staying at 75.71.
Turkish CRC Index has not shown any changes compared to the previous week. The index value remained at 61.99.
*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.