In the week from November 13 to November 19, on the Orbis Steel Index the scrap indexes increased, the Turkish rebar index moved on an upward trend, while the Turkish flat rolled indexes declined.
As per the Orbis Steel Index data, the index movements in the week from November 13 to November 19 as per product are as follows:
Turkish Scrap Index moved upwards, rising 2.88 percent week on week to 123.06.
US (East Coast) HMS I/II Scrap Export Index increased by 1.56 percent to 137.88 compared to the previous week.
Turkish Rebar Index moved upwards in the given week. The index value increased by 1.49 percent from the previous week to 126.11.
Turkish HRC Index decreased by 0.68 percent to 90.53 compared to the previous week.
Black Sea HRC Export Index went down by 1.86 percent to 100.42.
Turkish HDG Index fell by 1.39 percent to 89.59 compared to the previous week.
Turkish CRC Index declined by 1.47 percent week on week to 91.78.
*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.