In the week from October 14 to October 20, on the Orbis Steel Index the scrap index values have not shown any changes compared to the previous week. In the given week, the Turkish rebar index switched to sideways movement, while the Turkish flat rolled product indexes also moved sideways.
As per the Orbis Steel Index data, the index movements in the week from October 14 to October 20 as per product are as follows:
Turkish Scrap Index has not shown any changes compared to the previous week, with the index value staying at 158.82.
US (East Coast) HMS I/II Scrap Export Index moved sideways in the given week. The index value stayed at 157.65.
Turkish Rebar Index switched to sideways movement, with the index value remaining at 146.98.
Turkish HRC Index maintained its sideways movement, with the index value staying at 97.15.
Black Sea HRC Export Index continued to move sideways in the week in question. The index value remained at 101.9.
Turkish HDG Index has not shown any changes compared to the previous week, with the index value staying at 99.68.
Turkish CRC Index maintained its sideways movement, with the index value remaining at 98.97.
*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.
