In the week from April 7 to April 13, on the Orbis Steel Index the scrap indexes continued to move upward, while the Turkish rebar index maintained its downward movement. In the given week, the Turkish HDG index increased for the first time in several months.
As per the Orbis Steel Index data, the index movements in the week from April 7 to April 13 as per product are as follows:
Turkish Scrap Index moved upwards, with the index value rising 0.95 percent week on week to 167.22.
US (East Coast) HMS I/II Scrap Export Index increased by 1.15 percent to 165.41 compared to the previous week.
Turkish Rebar Index maintained its downward movement in the given week. The index value declined 0.42 percent to 150.35 compared to the previous week.
Turkish HRC Index has not shown any changes compared to the previous week, with the index value staying at 96.75.
Black Sea HRC Export Index continued to move sideways. The index value remained at 100.
Turkish HDG Index started to move upwards in the week in question. The index value increased by 0.64 percent week on week to 98.74.
Turkish CRC Index maintained its sideways movement, with the index value staying at 94.52.
*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.