In the week from April 13 to April 19, on the Orbis Steel Index the scrap indexes maintained their upward movement. In the given week, the Turkish rebar index continued to increase, while the flat rolled indexes mostly registered downward movement.
As per the Orbis Steel Index data, the index movements in the week from April 13 to April 19 as per product are as follows:
Turkish Scrap Index increased by 0.61 percent week on week to 107.74.
US (East Coast) HMS I/II Scrap Export Index continued to increase, with the index value rising by 2.19 percent to 110.12 compared to the previous week.
Turkish Rebar Index maintained its upward movement. The index value increased by 2.11 percent week on week to 104.09.
Turkish HRC Index switched to sideways movement, remaining at 77.64.
Black Sea HRC Export Index moved downwards, with the index value declining by 1.01 percent week on week to 69.43.
Turkish HDG Index started to decline, with the index value falling 1.55 percent week on week to 80.13.
Turkish CRC Index continued to decline. The index value decreased by 1.66 percent to 81.16 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.