In the week from November 28 to December 4, on the Orbis Steel Index the scrap indexes continued to decrease, the Turkish rebar index maintained its downward movement, while the Turkish flat rolled product indexes again indicated upward or stable movement.
As per the Orbis Steel Index data, the index movements in the week from November 28 to December 4 as per product are as follows:
Turkish Scrap Index continued to decline. The index value decreased by 0.65 percent week on week to 103.33.
US (East Coast) HMS I/II Scrap Export Index moved downwards by 0.19 percent week on week to 119.53.
Turkish Rebar Index declined in the given week, with the index value falling by 0.98 percent week on week to 103.42.
Turkish HRC Index maintained its upward movement. The index value increased by 1.98 percent week on week to 84.63.
Black Sea HRC Export Index went up by 3.8 percent to 93.91 compared to the previous week.
Turkish HDG Index increased by 0.7 percent to 90.22 compared to the previous week.
Turkish CRC Index remained unchanged at 84.25.
*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