In the week from February 12 to February 18, on the Orbis Steel Index the scrap indexes increased, the Turkish rebar index continued to move upwards, 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 12 to February 18 as per product are as follows:
Turkish Scrap Index moved upwards, rising 0.58 percent week on week to 139.62.
US (East Coast) HMS I/II Scrap Export Index increased by 1.53 percent to 155.76 compared to the previous week.
Turkish Rebar Index continued its upward trend, with the index value increasing by 3.65 percent week on week to 138.69.
Turkish HRC Index started to increase. The index value rose by 0.72 percent week on week to 101.63.
Black Sea HRC Export Index remained stable in the given week, with the index value staying at 112.62.
Turkish HDG Index remained unchanged week on week at 99.05.
Turkish CRC Index did not show any change week on week, with the index value remaining at 100.68.
*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.