In the week from December 14 to December 20, on the Orbis Steel Index the Turkish scrap index remained on its downward trend, while the US (East Coast) HMS I/II scrap export index continued to move sideways. In the given week, the Turkish rebar switched to downward movement, while the Turkish flat rolled indexes moved sideways.
As per the Orbis Steel Index data, the index movements in the week from December 14 to December 20 as per product are as follows:
Turkish Scrap Index continued to decline. The index value decreased by 0.31 percent week on week to 75.14.
US (East Coast) HMS I/II Scrap Export Index maintained its sideways movement. The index value stayed at 80.24.
Turkish Rebar Index moved downwards, with the index value falling by 1.39 percent week on week to 77.17.
Turkish HRC Index continued to move sideways, with the index value remaining at 57.32.
Black Sea HRC Export Index moved sideways, with the index value still at 51.66.
Turkish HDG Index continued to move sideways, with the index value staying at 75.71.
Turkish CRC Index indicated stable movement, with the index value remaining at 60.27.
*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.