In the week from April 16 to April 22, the scrap indexes switched to sideways movement on the Orbis Steel Index. In the given week, the Turkish rebar index started to decrease, following the increase in the previous week. Most flat rolled products indicated sideways movement in the given week.
As per the Orbis Steel Index data, the index movements in the week from April 16 to April 22 as per product are as follows:
Turkish Scrap Index switched to sideways movement in the given week. The index value stayed at 188.79.
US (East Coast) HMS I/II Scrap Export Index has not shown any changes compared to the previous week. The index value remained at 196.47.
Turkish Rebar Index decreased by 0.84 percent to 163.94 compared to the previous week.
Turkish HRC Index maintained it sideways movement in the given week. The index value remained at 113.82.
Black Sea HRC Export Index switched to sideways movement in the given week. The index value stayed at 117.77.
Turkish HDG Index continued to move sideways in the week in question. The index value remained at 105.36.
Turkish CRC Index moved sideways for the third consecutive week. The index value stayed at 109.59.
*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