In the week from March 25 to March 31, the scrap indexes started to move downwards on the Orbis Steel Index. In the given week, the Turkish rebar index slightly decreased. The Turkish flat rolled products indexes have not shown any changes compared to the previous week.
As per the Orbis Steel Index data, the index movements in the week from March 25 to March 31 as per product are as follows:
Turkish Scrap Index moved downwards, falling 1.61 percent to 168.33 compared to the previous week.
US (East Coast) HMS I/II Scrap Export Index decreased by 0.54 percent week on week to 172.94.
Turkish Rebar Index moved downwards in the given week. The index declined by 0.22 percent to 148.47 compared to the previous week.
Turkish HRC Index has not shown any changes compared to the previous week. The index value stayed at 98.78.
Black Sea HRC Export Index switched to sideways movement in the week in question. The index value remained at 108.53.
Turkish HDG Index maintained its sideways movement with the index value remaining at 105.36.
Turkish CRC Index continued to move sideways. The index value stayed at 103.42.
*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
