In the week from October 15 to October 22, on the Orbis Steel Index, the Turkish scrap index moved up, while the US (East Coast) HMS I/II scrap export index switched to sideways movement. In the given week, the Turkish rebar index maintained its downward movement and Turkish flat rolled products indexes saw sideways and downward movement.
As per the Orbis Steel Index data, the index movements in the week from October 15 to October 22 as per product are as follows:
Turkish Scrap Index continued to increase. The index value went up by 0.44 percent week on week to 130.9.
US (East Coast) HMS I/II Scrap Export Index remained stable at 145.88.
Turkish Rebar Index declined by 1.24 percent to 116.82 compared to the previous week.
Turkish HRC Index maintained its downward movement. The index value decreased by 0.34 percent week on week to 90.02.
Black Sea HRC Export Index did not show any changes compared to the previous week, with the index value staying at 100.3.
Turkish HDG Index remained unchanged at 90.85.
Turkish CRC Index decreased by 3.01 percent to 88.36 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.