As per its new price list dated March 16, 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 2,415/mt ($619/mt), for 10 mm rebar are at TRY 2,428/mt ($623/mt) and for 8 mm rebar are at TRY 2,441/mt ($626/mt), all ex-works and excluding VAT.
The mill's list prices have moved up by TRY 25-26/mt + VAT as compared to its previous price list issued on March 14, while due to currency fluctuations prices have mostly remained stable on US dollar basis except for 10 mm rebar which has increased by $1/mt in this period.
$1 = TRY 3.90