In the week from April 8 to April 14, the Turkish scrap index continued to move downwards, while the US (East Coast) HMS I/II scrap export index indicated sideways movement on the Orbis Steel Index. In the given week, the Turkish HRC and CRC indexes remained stable, while the Turkish HDG index moved down.
As per the Orbis Steel Index data, the index movements in the week from April 8 to April 14 as per product are as follows:
Turkish Scrap Index continued to decrease, with the index value falling 1.3 percent to 164.85 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index did not show any changes compared to the previous week. The index value stayed at 172.94.
Turkish Rebar Index decreased by 1.25 percent week on week to 145.66.
Turkish HRC Index switched to sideways movement in the week in question. The index value stayed at 101.63.
Black Sea HRC Export Index moved downwards in the given week, with the index value decreasing by 0.22 percent week on week to 105.69.
Turkish HDG Index decreased by 0.61 percent to 103.47, compared to the previous week.
Turkish CRC Index moved sideways, 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