In the week from March 28 to April 3, on the Orbis Steel Index the scrap indexes maintained their upward movement on the Orbis Steel Index. In the given week, the Turkish rebar index increased for the second consecutive week and the Turkish flat rolled indexes indicated upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from March 28 to April 3 as per product are as follows:
Turkish Scrap Index increased by 2.11 percent to 90.82 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved upwards in the given week, with the index value rising 5.02 percent to 108.47.
Turkish Rebar Index increased by 4.57 percent week on week to 97.72.
Turkish HRC Index rose by 3.08 percent to 69.17 compared to the previous week.
Black Sea HRC Export Index continued to move upwards in the given week, with the index value increasing by 2.57 percent to 69.75.
Turkish HDG Index started to increase in the given week. The index value rose 2.80 percent week on week to 80.44.
Turkish CRC Index has not seen any changes compared to the previous week. The index value remained at 74.66.
*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.