In the week from April 1 to April 7, the Turkish scrap index continued to move downwards, while the US (East Coast) HMS I/II scrap export index switched to sideways movement on the Orbis Steel Index. In the given week, the Turkish HRC and CRC indexes started to increase, while Turkish HDG index moved downwards.
As per the Orbis Steel Index data, the index movements in the week from April 1 to April 7 as per product are as follows:
Turkish Scrap Index continued to decrease, with the index value falling 0.78 percent to 167.02 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index has not shown any changes compared to the previous week. The index vale stayed at 172.94.
Turkish Rebar Index decreased by 0.65 percent week on week to 147.51.
Turkish HRC Index increased by 2.89 percent to 101.63 compared to the previous week.
Black Sea HRC Export Index moved downwards in the given week, with the index value decreasing by 2.4 percent week on week to 105.92.
Turkish HDG Index started to decrease in the week in question. The index value fell 1.79 percent to 103.47.
Turkish CRC Index started to move upwards, with the index value rising by 0.67 percent 104.11 compared to the previous week.
*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
