In the week from April 14 to April 20, on the Orbis Steel Index the scrap indexes decreased, while the Turkish rebar index started to increase after two weeks of downward movement. In the given week, the Turkish flat rolled indexes have not shown any changes compared to the previous week.
As per the Orbis Steel Index data, the index movements in the week from April 14 to April 20 as per product are as follows:
Turkish Scrap Index decreased by 0.74 percent to 165.99 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved downwards, with the index value falling 1.14 percent week on week to 163.53.
Turkish Rebar Index started to increase in the given week, with the index value rising 1.3 percent to 152.31 compared to the previous week.
Turkish HRC Index moved sideways. The index value remained at 96.75.
Black Sea HRC Export Index started to move upwards. The index value increased by 0.47 percent week on week to 100.47.
Turkish HDG Index switched to sideways movement, with the index value staying at 98.74.
Turkish CRC Index continued to move sideways, with the index value remaining 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.