In the week from February 1 to February 7, on the Orbis Steel Index the scrap indexes continued to move downwards. In the given week, the Turkish rebar index maintained its downward movement, while the Turkish flat rolled product indexes did not show any changes compared to the previous week.
As per the Orbis Steel Index data, the index movements in the week from February 1 to February 7 as per product are as follows:
Turkish Scrap Index maintained its downward movement. The index value decreased by 0.7 percent to 70.75 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index continued to move downward, with the index value falling 0.89 percent week on week to 78.82.
Turkish Rebar Index decreased for the fourth consecutive week. The index value declined by 0.21 percent to 75.65 compared to the previous week.
Turkish HRC Index maintained its sideways movement, with the index value staying at 57.32.
Black Sea HRC Export Index has not shown any changes in the given week. The index value remained at 48.82.
Turkish HDG Index moved sideways with the index value staying at 74.45.
Turkish CRC Index continued to move sideways in the week in question. The index value remained 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.