In the week from February 26 to March 4, on the Orbis Steel Index the scrap indexes moved up further, the Turkish rebar index continued to rise, while the Turkish flat rolled indexes showed either upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from February 26 to March 4 as per product are as follows:
Turkish Scrap Index continued to increase, with the index value rising by 1.94 percent to 146.29 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index maintained its upward movement. The index value went up by 2.87 percent week on week to 164.35.
Turkish Rebar Index moved up, with the index value rising by 1.59 percent week on week to 143.55.
Turkish HRC Index remained stable in the given week, with the index value staying at 102.4.
Black Sea HRC Export Index did not show any changes compared to the previous week. The index value stayed at 110.73.
Turkish HDG Index went up by 1.92 percent to 100.95 compared to the previous week.
Turkish CRC Index increased by 0.69 to 101.37 compared to the previous week.
*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.