In the week from December 21 to December 27, on the Orbis Steel Index the scrap indexes declined. In the given week, the Turkish rebar continued to decrease, while the Turkish flat rolled indexes remained stable.
As per the Orbis Steel Index data, the index movements in the week from December 21 to December 27 as per product are as follows:
Turkish Scrap Index maintained its downward movement, with the index value falling by 0.52 percent week on week to 74.75.
US (East Coast) HMS I/II Scrap Export Index decreased by 2.94 percent to 77.88 compared to the previous week.
Turkish Rebar Index moved downwards by 0.1 percent week on week to 77.09.
Turkish HRC Index remained stable in the given week, with the index value staying at 57.32.
Black Sea HRC Export Index started to move downwards, with the index value falling 2.75 percent week on week to 50.24.
Turkish HDG Index maintained its sideways movement, with the index value remaining at 75.71.
Turkish CRC Index has not shown any changes compared to the previous week. The index value stayed at 60.27.
*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.