In the week from March 30 to April 5, on the Orbis Steel Index the scrap indexes continued to increase. In the given week, the Turkish rebar switched to downward movement, while the flat rolled indexes all maintained their sideways movements.
As per the Orbis Steel Index data, the index movements in the week from March 30 to April 5 as per product are as follows:
Turkish Scrap Index continued to move upwards, with the index value rising by 1.09 percent week on week to 106.07.
US (East Coast) HMS I/II Scrap Export Index increased by 1.78 percent to 107.53 compared to the previous week.
Turkish Rebar Index decreased by 1.1 percent week on week to 100.84.
Turkish HRC Index maintained its sideways movement. The index value stayed at 79.27.
Black Sea HRC Export Index switched to sideways movement in the given week. The index value remained at 71.56.
Turkish HDG Index has not shown any changes compared to the previous week. The index value stayed at 81.39.
Turkish CRC Index continued to move sideways, with the index value remaining stable at 83.9.
*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.