In the week from March 26 to April 1, on the Orbis Steel Index the Turkish scrap index continued to move downwards, the US (East Coast) scrap index increased, the Turkish rebar index continued to decline, while the Turkish flat rolled indexes indicated downward and sideways movement.
As per the Orbis Steel Index data, the index movements in the week from March 26 to April 1 as per product are as follows:
Turkish Scrap Index moved downwards, with the index value falling 1.5 percent week on week to 145.5.
US (East Coast) HMS I/II Scrap Export Index increased by 0.42 percent to 168.71 compared to the previous week.
Turkish Rebar Index maintained its downward movement, with the index value falling by 3.31 percent week on week to 137.76.
Turkish HRC Index did not show any change week on week. The index value stayed at 107.35.
Black Sea HRC Export Index followed a stable trend, with the index value staying at 117.83 compared to the previous week.
Turkish HDG Index moved downwards in the given week, with the index value decreasing by 1.73 percent week on week to 107.26.
Turkish CRC Index remained stable in the given week, with the index value staying at 108.9.
*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