In the week from January 6 to January 12, on the Orbis Steel Index the scrap indexes moved sideways. In the given week, the Turkish rebar index continued to increase for the fourth consecutive week, while the Turkish flat rolled product indexes followed a stable trend.
As per the Orbis Steel Index data, the index movements in the week from January 6 to January 12 as per product are as follows:
Turkish Scrap Index switched to sideways movement. The index value stayed at 169.81.
US (East Coast) HMS I/II Scrap Export Index continued to move sideways movement, with the index value remaining at 170.59.
Turkish Rebar Index maintained its upward movement. The index value increased by 0.77 percent week on week to 153.29.
Turkish HRC Index has not shown any changes compared to the previous week. The index value remained at 98.37.
Black Sea HRC Export Index followed a stable trend in the given week, with the index value remaining at 104.5.
Turkish HDG Index maintained its sideways movement, with the index value staying at 100.95.
Turkish CRC Index moved sideways in the week in question. The index value remained 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.