In the week from February 11 to February 17, on the Orbis Steel Index, the scrap indexes moved sideways. In the given week, the Turkish rebar index started to increase, following four weeks of downward movement. The Black Sea HRC export index increased, 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 February 11 to February 17 as per product are as follows:
Turkish Scrap Index switched to sideways movement, with the index value remaining at 163.13.
US (East Coast) HMS I/II Scrap Export Index maintained its sideways movement. The index value stayed at 168.71.
Turkish Rebar Index moved upwards in the given week. The index value increased by 0.8 percent to 145.36 compared to the previous week.
Turkish HRC Index has not shown any changes compared to the previous week. The index value stayed at 105.69.
Black Sea HRC Export Index increased by 3.88 percent to 113.98 compared to the previous week.
Turkish HDG Index moved sideways in the week in question, with the index value remaining at 107.89.
Turkish CRC Index continued to move sideways, with the index value staying at 102.05.
*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