In the week from December 17 to December 23, on the Orbis Steel Index the scrap indexes started to increase. In the given week, the Turkish rebar index started to move upwards after decreasing for five consecutive weeks. Turkish flat rolled products have not shown any changes compared to the previous week.
As per the Orbis Steel Index data, the index movements in the week from December 17 to December 23 as per product are as follows:
Turkish Scrap Index moved upwards in the given week. The index value increased by 1.38 percent to 162.71.
US (East Coast) HMS I/II Scrap Export Index increased by 1.71 percent week on week to 167.53.
Turkish Rebar Index started to increase in the week in question. The index value rose by 0.68 percent to 144.21 compared to the previous week.
Turkish HRC Index maintained its sideways movement, with the index value staying at 99.19.
Black Sea HRC Export Index has not shown any changes compared to the previous week. The index value remained at 102.61.
Turkish HDG Index switched to sideways movement in the given week. The index value stayed at 96.53.
Turkish CRC Index continued to move sideways, with the index value remaining at 96.92.
*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