In the week from April 20 to April 26, on the Orbis Steel Index the scrap indexes continued to move upwards. In the given week, the Turkish rebar index maintained its upward trend, rising for the third consecutive week, while the flat rolled indexes moved sideways.
As per the Orbis Steel Index data, the index movements in the week from April 20 to April 26 as per product are as follows:
Turkish Scrap Index continued to increase, with the index value rising 1.61 percent to 109.47 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index increased by 3.48 percent week on week to 114.35.
Turkish Rebar Index continued to move upwards. The index value increased by 0.45 percent week on week to 104.56.
Turkish HRC Index maintained its sideways movement, with the index value staying at 77.64.
Black Sea HRC Export Index moved sideways, with the index value remaining at 69.43.
Turkish HDG Index switched to sideways movement in the given week. The index value remained at 80.13.
Turkish CRC Index has not shown any changes compared to the previous week. The index value stayed at 81.16.
*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.