In the week from November 19 to November 25, on the Orbis Steel Index the scrap indexes maintained their downward movement. In the given week, the Turkish rebar index continued to decrease, while all the flat rolled indexes moved sideways. No upward movement was observed in the week in question.
As per the Orbis Steel Index data, the index movements in the week from November 19 to November 25 as per product are as follows:
Turkish Scrap Index decreased by 1.51 percent to 164.61 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved downwards in the given week. The index value declined by 1.33 percent week on week to 175.29.
Turkish Rebar Index continued to decrease in the week in question. The index value fell 2.29 percent to 145.66 compared to the previous week.
Turkish HRC Index moved sideways, with the index value remaining at 101.63.
Black Sea HRC Export Index switched to sideways movement. The index value stayed at 97.39.
Turkish HDG Index did not show any changes compared to the previous week. The index value stayed at 95.27.
Turkish CRC Index maintained its sideways movement, with the index value remaining at 98.29.
*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