In the week from April 6 to April 12, on the Orbis Steel Index the scrap indexes showed upward movement. In the given week, the Turkish rebar moved upwards, while the flat rolled indexes mostly registered downward movement.
As per the Orbis Steel Index data, the index movements in the week from April 6 to April 12 as per product are as follows:
Turkish Scrap Index maintained its upward movement. The index value increased by 1.13 percent to 107.82 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved upwards, with the index value rising by 0.21 percent week on week to 107.76.
Turkish Rebar Index increased by 1.65 percent to 104.16 compared to the previous week.
Turkish HRC Index moved downwards in the given week, with the index value falling 1.26 percent to 66.56.
Black Sea HRC Export Index decreased by 2.48 percent week on week to 70.51.
Turkish HDG Index continued to move sideways, with the index value remaining at 81.39.
Turkish CRC Index declined by 1.63 percent to 82.53 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.