In the week from October 10 to October 16, on the Orbis Steel Index the scrap indexes moved on an upward trend, while the Turkish rebar index continued to increase and the Turkish flat rolled indexes moved sideways.
As per the Orbis Steel Index data, the index movements in the week from October 10 to October 16 as per product are as follows:
Turkish Scrap Index increased by 1.66 percent week on week to 86.99.
US (East Coast) HMS I/II Scrap Export Index continued its upward trend with the index value increasing by 2.22 percent week on week to 97.65.
Turkish Rebar Index moved upwards, with the index value rising by 2.86 percent week on week to 90.66.
Turkish HRC Index switched to sideways movement, remaining at 69.65.
Black Sea HRC Export Index did not show any change week on week, with the index value remaining at 78.27.
Turkish HDG Index remained unchanged at 82.02.
Turkish CRC Index moved sideways, with the index value remaining at 79.45.
*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