9,224.84 TRY BIST 100 BIST 100
38.44 USD USD USD
5.32 CNY CNY CNY
43.71 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
98.50 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 TRY Gold (gr) Gold (gr)

The increase in the price of Iranian steel sections in new year

The increase in the price of Iranian steel sections in new year

The increase in the price of Iranian steel sections in new year

The end of the recession in consumer industries such as the construction industry and the start of government construction projects are among the reasons that will increase the price of steel sections in 2024.

It is definitely not possible to accurately predict this volatile market, but still, according to various factors, we can make a rough prediction. Restrictions on energy sources such as electricity and natural gas, continued economic sanctions and disruptions in financial circulation, the negative trend of economic growth and the increase in the price of raw materials were all factors that caused us to witness a stagnation in the domestic market in 2023.

Looking with foresight, increasing in people's purchasing power and the end of the recession in consumer industries such as the construction sector and the start of government construction projects are the main reasons. Additionally, it is expected a proble increase of steel profile prices in 2024.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Vardhman Special Steels to set up new greenfield steel plant in Punjab

Tuesday, April 29, 2025

EUROFER and EUROMETAL join forces to support the European steel supply chain

Tuesday, April 29, 2025

Fortescue increases iron ore production in the first quarter of 2025

Tuesday, April 29, 2025

"We Meet at the Great Summit of Steel"

Wednesday, April 30, 2025

India's NSL breaks record with one-day production

Wednesday, April 30, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now