As per its new price list dated November 14, Turkish steel producer Bastug Metalurji has revised its domestic rebar prices. Accordingly, Bastug Metalurji's domestic rebar quotations for 12-32 mm rebar are at TRY 2,051/mt ($529/mt), for 10 mm rebar are at TRY 2,060/mt ($531/mt) and for 8 mm rebar are at TRY 2,068/mt ($533/mt), all ex-works and excluding VAT.
The mill’s list prices have moved up by TRY 17-18/mt + VAT as compared to its previous price list issued on November 7, while due to currency fluctuations prices have increased by $1/mt on US dollar basis.
$1 = TRY 3.88