In the week from April 10 to April 16, on the Orbis Steel Index the scrap indexes decreased, the Turkish rebar index moved downwards, while the Turkish flat rolled indexes either declined or moved sideways.
As per the Orbis Steel Index data, the index movements in the week from April 10 to April 16 as per product are as follows:
Turkish Scrap Index switched to downward movement, with the index value falling 0.85 percent week on week to 108.32.
US (East Coast) HMS I/II Scrap Export Index decreased by 0.39 percent to 120.94 compared to the previous week.
Turkish Rebar Index moved downwards by 2.23 percent week on week to 104.42.
Turkish HRC Index fell by 0.73 percent to 84.26 compared to the previous week.
Black Sea HRC Export Index switched to sideways movement, remaining at 90.77.
Turkish HDG Index did not show any change week on week, with the index value remaining at 94.01.
Turkish CRC Index remained stable compared to the previous week. The index value remained at 90.41.
*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.