In the week from March 12 to March 18, on the Orbis Steel Index the Turkish scrap index continued to move upwards, the US (East Coast) HMS I/II scrap export index decreased, the Turkish rebar index declined, while the Turkish flat rolled indexes increased.
As per the Orbis Steel Index data, the index movements in the week from March 12 to March 18 as per product are as follows:
Turkish Scrap Index continued to move upwards in the given week, with the index value rising by 0.96 percent to 150.42.
US (East Coast) HMS I/II Scrap Export Index decreased by 0.07 percent to 168.24 compared to the previous week.
Turkish Rebar Index moved downwards in the given week. The index value decreased by 0.12 percent week on week to 144.47
Turkish HRC Index rose by 1.11 percent week on week to 106.34.
Black Sea HRC Export Index maintained its upward movement. The index value increased by 2.89 percent week on week to 117.83.
Turkish HDG Index rose by 4.85 percent to 109.15 compared to the previous week.
Turkish CRC Index continued its upward movement, with the index value increasing by 2.63 percent week on week to 106.85.
*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.