In the week from April 23 to April 29 on the Orbis Steel Index the scrap indexes continued to move downwards, the Turkish rebar index increased, while the Turkish flat rolled indexes still indicated either downward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from April 23 to April 29 as per product are as follows:
Turkish Scrap Index continued its downward trend. The index value decreased by 0.55 percent week on week to 138.95.
US (East Coast) HMS I/II Scrap Export Index maintained its downward movement, with the index value falling by 1.55 percent week on week to 156.94.
Turkish Rebar Index increased by 0.17 percent week on week to 130.74.
Turkish HRC Index did not show any change week on week. The index value stayed at 101.77.
Black Sea HRC Export Index remained stable in the given week, with the index value staying at 111.5.
Turkish HDG Index continued to move downwards. The index value went down by 1.23 percent week on week to 101.58.
Turkish CRC Index is unchanged compared to the previous week, with the index value remaining at 103.42.
*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.