In the week from April 22 to April 28, the scrap indexes decreased on the Orbis Steel Index. In the given week, the Turkish rebar index switched to a downward movement. The Turkish flat rolled product indexes maintained sideways movement, while the other flat rolled product indexes declined in the week in question.
As per the Orbis Steel Index data, the index movements in the week from April 22 to April 28 as per product are as follows:
Turkish Scrap Index decreased by 2.1 percent to 161.39 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved downwards, with the index value decreasing by 4.14 percent week on week to 163.53.
Turkish Rebar Index decreased by 0.83 percent week on week to 144.87.
Turkish HRC Index continued to move sideways. The index value remained at 101.63.
Black Sea HRC Export Index maintained its downward movement, with the index value falling 0.91 percent week on week to 103.08.
Turkish HDG Index moved sideways in the given week. The index value remained at 102.84.
Turkish CRC Index has not shown any changes compared to the previous week, with the index value remaining at 104.11.
*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