In the week from December 23 to December 29, on the Orbis Steel Index the scrap indexes maintained its sideways movement. In the given week, the Turkish rebar index continued to rise, while the Turkish flat rolled product indexes have not shown any changes compared to the previous week.
As per the Orbis Steel Index data, the index movements in the week from December 23 to December 29 as per product are as follows:
Turkish Scrap Index maintained its sideways movement, with the index value staying at 168.93.
US (East Coast) HMS I/II Scrap Export Index continued to move sideways. The index value remained at 170.59.
Turkish Rebar Index moved upwards in the given week, with the index value rising by 0.29 percent week on week to 150.97.
Turkish HRC Index has not shown any changes compared to the previous week. The index value stayed at 98.37.
Black Sea HRC Export Index maintained its sideways movement with the index value staying at 104.5.
Turkish HDG Index continued to move sideways in the week in question, with the index value remaining at 100.95.
Turkish CRC Index followed a stable trend. The index value stayed at 100.34.
*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.