In the week from January 8 to January 14, on the Orbis Steel Index the Turkish scrap index increased, while the US (East Coast) HMS I/II scrap export index decreased, the Turkish rebar index showed an upward trend, while the Turkish flat rolled indexes indicated either upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from January 8 to January 14 as per product are as follows:
Turkish Scrap Index increased by 0.53 percent week on week to 147.15.
US (East Coast) HMS I/II Scrap Export Index moved downwards, with the index value falling by 1.39 percent week on week to 167.06.
Turkish Rebar Index started to increase. The index value rose by 0.37 percent week on week to 136.2.
Turkish HRC Index rose by 3.75 percent from the previous week to 100.52.
Black Sea HRC Export Index switched to upward movement in the given week. The index value rose by 4.56 percent to 112.62 compared to the previous week.
Turkish HDG Index remained unchanged compared to the previous week. The index value stayed at 98.42.
Turkish CRC Index increased by 0.68 to 100.68 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.