In the week from March 19 to March 25, on the Orbis Steel Index the scrap indexes decreased, the Turkish rebar index continued to move downwards, while the Turkish flat rolled indexes indicated either upward or sideways movement.
As per the Orbis Steel Index data, the index movements in the week from March 19 to March 25 as per product are as follows:
Turkish Scrap Index switched to downward movement. The index value decreased by 1.81 percent to 147.72 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index declined by 0.14 percent to 168 compared to the previous week.
Turkish Rebar Index decreased by 1.57 percent week on week to 142.47.
Turkish HRC Index moved upwards in the given week, with the index value rising by 0.95 percent week on week to 107.35.
Black Sea HRC Export Index remained stable in the given week, with the index value staying at 117.83.
Turkish HDG Index did not show any change week on week. The index value stayed at 109.15.
Turkish CRC Index increased by 1.92 percent week on week to 108.9.
*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