In the week from November 4 to November 10, on the Orbis Steel Index the scrap index values continued to increase compared to the previous week. In the given week, the Turkish rebar index moved upwards for the third consecutive week, while the Turkish flat rolled product indexes maintained their sideways movement.
As per the Orbis Steel Index data, the index movements in the week from November 4 to November 10 as per product are as follows:
Turkish Scrap Index continued to move upwards, with the index value rising by 1.25 percent week on week to 170.52.
US (East Coast) HMS I/II Scrap Export Index increased by 0.28 percent to 171.06 compared to the previous week.
Turkish Rebar Index increased in the given week, with the index value rising by 0.54 percent week on week to 152.05.
Turkish HRC Index maintained its sideways movement, with the index value remaining at 97.15.
Black Sea HRC Export Index switched to sideways movement in the week in question. The index value stayed at 99.76.
Turkish HDG Index has not shown any changes compared to the previous week, with the index value remaining at 102.21.
Turkish CRC Index continued to move sideways, with the index value remaining at 98.97.
*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