In the week from April 16 to April 22, on the Orbis Steel Index the scrap indexes continued to decrease, the Turkish rebar index continued to move downwards, while the Turkish flat rolled indexes either decreased or moved sideways.
As per the Orbis Steel Index data, the index movements in the week from April 16 to April 22 as per product are as follows:
Turkish Scrap Index maintained its downward movement, with the index value declining by 2.33 percent week on week to 139.72.
US (East Coast) HMS I/II Scrap Export Index continued to move downwards. The index value went down by 2.94 percent week on week to 159.41.
Turkish Rebar Index declined by 2.71 percent to 130.52 compared to the previous week.
Turkish HRC Index decreased by 3.23 percent week on week to 101.77.
Black Sea HRC Export Index maintained its downward trend, with the index value falling by 1.41 percent week on week to 111.5.
Turkish HDG Index started to decline. The index value decreased by 0.61 percent from the previous week to 102.84.
Turkish CRC Index remained stable in the given week, with the index value staying 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.