In the week from December 11 to December 17, on the Orbis Steel Index the scrap indexes continued their rising trend, the Turkish rebar index moved up, while the Turkish flat rolled indexes also increased.
As per the Orbis Steel Index data, the index movements in the week from December 11 to December 17 as per product are as follows:
Turkish Scrap Index continued to increase, with the index value rising 2.8 percent to 141.11 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved upwards, with the index value rising by 4.31 percent week on week to 159.29.
Turkish Rebar Index went up by 2.33 percent to 134.91 compared to the previous week.
Turkish HRC Index started to increase. The index value rose by 5.81 percent week on week to 94.33.
Black Sea HRC Export Index moved upwards, rising 4.77 percent week on week to 104.21.
Turkish HDG Index maintained its upward movement. The index value went up by 6.12 percent week on week to 98.42.
Turkish CRC Index increased by 5.23 percent from the previous week to 96.58
*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.