In the week from December 18 to December 24, on the Orbis Steel Index the scrap indexes continued to indicate upward movement, the Turkish rebar index maintained its rising movement, while the Turkish flat rolled indexes have indicated upward or sideways movements.
As per the Orbis Steel Index data, the index movements in the week from December 18 to December 24 as per product are as follows:
Turkish Scrap Index maintained its upward movement. The index value increased by 1.69 percent week on week to 143.49.
US (East Coast) HMS I/II Scrap Export Index continued to rise, with the index value rising 1.92 percent week on week to 162.35.
Turkish Rebar Index continued to move upwards in the given week, with the index value increasing by 0.85 percent week on week to 136.05.
Turkish HRC Index increased by 2.51 percent week on week to 96.7
Black Sea HRC Export Index rose by 3.36 percent to 107.71 compared to the previous week.
Turkish HDG Index moved sideways in the given week. The index value remained at 98.42.
Turkish CRC Index went up by 1.43 percent to 97.26 compared to the previous week.
*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