In the week from March 27 to April 2, on the Orbis Steel Index the scrap indexes maintained their downward trend, the Turkish rebar index continued to decline, while the Turkish flat rolled indexes remained stable.
As per the Orbis Steel Index data, the index movements in the week from March 27 to April 2 as per product are as follows:
Turkish Scrap Index maintained its downward movement, with the index value falling by 1.26 percent week on week to 108.1.
US (East Coast) HMS I/II Scrap Export Index decreased by 2.42 percent to 118.35 compared to the previous week.
Turkish Rebar Index continued to move downwards, with the index value falling 1.09 percent week on week to 103.1.
Turkish HRC Index has not shown any change week on week. The index value stayed at 86.77.
Black Sea HRC Export Index followed a stable trend, with the index value staying at 93.61 compared to the previous week.
Turkish HDG Index remained stable in the given week, with the index value staying at 97.16.
Turkish CRC Index maintained its sideways movement, with the index value remaining at 93.84.
*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