In the week from April 30 to May 6, the scrap indexes continued to move sideways on the Orbis Steel Index. In the given week, the Black Sea HRC export index switched to sideways movement, while the Turkish rebar index slightly increased. Flat rolled products mostly moved sideways in the week in question.
As per the Orbis Steel Index data, the index movements in the week from April 30 to May 6 as per product are as follows:
Turkish Scrap Index has not shown any changes compared to the previous week. The index value stayed at 188.79.
US (East Coast) HMS I/II Scrap Export Index moved sideways in the given week, with the index value remaining at 196.47.
Turkish Rebar Index moved upwards in the given week. The index value increased by 0.08 percent week on week to 160.92.
Turkish HRC Index continued to move sideways. The index value stayed at 113.82.
Black Sea HRC Export Index switched to sideways movement in the week in question. The index value remained at 116.35.
Turkish HDG Index moved sideways for the 12th consecutive week, with the index value remaining at 105.36.
Turkish CRC Index has not shown any changes compared to the previous week. The index value stayed at 109.59.
*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