In the week from February 4 to February 10, on the Orbis Steel Index, the Turkish scrap index continued to decrease, while the US (East Coast) HMS I/II scrap export index moved sideways. In the given week, the Turkish rebar index decreased for the fourth consecutive week. The Turkish HDG index moved upward, while other Turkish flat rolled product indexes maintained their sideways movement in the week in question.
As per the Orbis Steel Index data, the index movements in the week from February 4 to February 10 as per product are as follows:
Turkish Scrap Index continued to decrease, with the index value falling by 0.29 percent week on week to 163.13.
US (East Coast) HMS I/II Scrap Export Index moved sideways in the given week. The index value stayed at 168.71.
Turkish Rebar Index decreased by 0.64 percent to 144.21 compared to the previous week.
Turkish HRC Index continued to move sideways, with the index value remaining at 105.69.
Black Sea HRC Export Index moved upwards in the week in question. The index value increased by 0.44 percent week on week to 109.72.
Turkish HDG Index increased by 4.91 percent to 107.89 compared to the previous week.
Turkish CRC Index maintained its sideways movement, with the index value staying at 102.05.
*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
