In the week from October 8 to October 14, on the Orbis Steel Index, the Turkish scrap index and the US (East Coast) HMS I/II scrap export indexes maintained upward movement, while the Turkish rebar index declined. In the given week, 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 8 to October 14 as per product are as follows:
Turkish Scrap Index moved up by 0.23 percent to 130.33 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index increased by 1.31 percent week on week to 145.88.
Turkish Rebar Index decreased by 2.14 percent week on week to 118.29
Turkish HRC Index moved downward in the given week. Index value decreased by 2.42 percent to 90.33, compared to the previous week.
Black Sea HRC Export Index moved down by 1.85 percent week on week to 100.3.
Turkish HDG Index saw a sideways movement, with the index value remaining at 90.85.
Turkish CRC Index decreased by 2.92 percent to 91.1 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.