In the week from February 6 to February 12, on the Orbis Steel Index the scrap indexes increased, the Turkish rebar index started to move upwards, while the Turkish flat rolled indexes still indicated either downward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from February 6 to February 12 as per product are as follows:
Turkish Scrap Index increased by 9.34 percent to 101.57 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved upwards, rising 7.67 percent week on week to 114.
Turkish Rebar Index increased. The index value rose by 4.52 percent to 97.37 compared to the previous week.
Turkish HRC Index decreased by 1.45 percent week on week to 84.03.
Black Sea HRC Export Index moved downwards by 0.64 percent to 92.54 compared to the previous week.
Turkish HDG Index maintained its stable movement. The index value stayed at 87.7.
Turkish CRC Index continued to move sideways, with the index value staying at 91.1.
*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.