In the week from April 9 to April 15, on the Orbis Steel Index the scrap indexes decreased, the Turkish rebar index continued to move down, while the Turkish flat rolled indexes either increased or moved sideways.
As per the Orbis Steel Index data, the index movements in the week from April 9 to April 15 as per product are as follows:
Turkish Scrap Index decreased by 1.21 percent to 143.05 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index moved downwards by 2.65 percent week on week to 164.24.
Turkish Rebar Index continued its downward trend. The index value decreased by 0.5 percent week on week to 134.16.
Turkish HRC Index remained unchanged at 105.17.
Black Sea HRC Export Index moved downwards in the given week, with the index value falling by 1.65 percent week on week to 113.09.
Turkish HDG Index did not show any change week on week, with the index value remaining at 103.47.
Turkish CRC Index went down by 2.58 percent to 103.42 compared to the previous week.
*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.