In the week from October 30 to November 5, on the Orbis Steel Index the scrap indexes moved on an upward trend, the Turkish rebar index decreased, while the Turkish flat rolled indexes indicated downward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from October 30 to November 5 as per product are as follows:
Turkish Scrap Index moved upwards, rising 0.47 percent week on week to 121.65.
US (East Coast) HMS I/II Scrap Export Index increased by 2.44 percent to 138.35 compared to the previous week.
Turkish Rebar Index moved downwards. The index value decreased by 0.53 percent to 124.79 compared to the previous week.
Turkish HRC Index went down by 1.08 percent to 92.74 compared to the previous week.
Black Sea HRC Export Index did not show any change week on week, with the index value remaining at 103.91.
Turkish HDG Index fell by 1.98 percent to 93.38 compared to the previous week.
Turkish CRC Index remained unchanged week on week, with the index value remaining at 95.89.
*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.