In the week from April 17 to April 23, on the Orbis Steel Index the scrap indexes continued to decrease, the Turkish rebar index maintained its downward trend, while the Turkish flat rolled indexes indicated downward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from April 17 to April 23 as per product are as follows:
Turkish Scrap Index continued its downward trend. The index value decreased by 0.13 percent week on week to 106.46.
US (East Coast) HMS I/II Scrap Export Index declined by 2.14 percent to 118.35 compared to the previous week.
Turkish Rebar Index maintained its downward movement, with the index value falling by 1.48 percent week on week to 102.87.
Turkish HRC Index decreased by 2.2 percent to 82.41 compared to the previous week.
Black Sea HRC Export Index remained unchanged at 90.77.
Turkish HDG Index remained stable in the given week, with the index value staying at 94.01.
Turkish CRC Index maintained its sideways movement, with the index value remaining at 90.41.
*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.