9,612.84 TRY BIST 100 BIST 100
40.78 EUR EUR EUR
37.83 USD USD USD
5.24 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
45.53 TRY Interest Interest
73.74 USD Fossil Oil Fossil Oil
34.28 USD Silver Silver
5.09 USD Copper Copper
103.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,761.14 TRY Gold (gr) Gold (gr)

Rebar prices remain high in Kuwait: What will change in 2025?

Rebar prices in Kuwait fluctuated throughout 2024 due to global market conditions and local construction projects.

Rebar prices remain high in Kuwait: What will change in 2025?

Rebar prices in Kuwait fluctuated throughout 2024 due to global and local factors. Iron, which has a critical importance in the construction industry, continued to be in demand with major projects and urbanisation efforts. Changes in global iron ore prices, increases in transport costs and energy prices were among the main factors directly affecting rebar prices in Kuwait. In addition, government incentives for the construction sector, new city projects and infrastructure investments led to an increase in prices. In particular, the urbanisation process and the acceleration of major construction projects have increased local demand.

Domestic rebar prices in Kuwait range between 175-186 Kuwaiti Dinars (~USD570-610) per tonne. These prices may vary according to factors such as quality and demand. While local rebar is preferred for projects requiring fast supply, imported rebar is used in large construction projects. Imported rebar prices are generally higher and Saudi Arabia, the United Arab Emirates and Oman stand out among the suppliers. Rebar from these countries can sometimes be more expensive than domestic rebar.

The main reasons for fluctuations in rebar prices include price changes in global markets, higher transport costs, local supply-demand balance and production costs. Increasing global demand, especially from large rebar consumers such as China, is another factor pushing prices higher. In addition, rising energy costs create additional costs in the production and transport processes. Geopolitical tensions, such as the Russia-Ukraine war, have disrupted global trade and made the supply chain for such materials more difficult.

According to 2025 forecasts, rebar prices are expected to remain at high levels in the short term. However, prices may decrease slightly if energy costs fall or geopolitical conditions improve. Major construction projects and urbanisation efforts in Kuwait may cause demand to remain high and prices to remain at consistently high levels. Moreover, as Kuwait's construction sector continues to grow, prices may continue to fluctuate due to supply chain disruptions and global market conditions.

Construction industry professionals are advised to diversify their suppliers, start their projects early and enter into long-term contracts to avoid being affected by fluctuations in rebar prices. These strategies are among the most effective measures that can be taken against price increases. Long-term supply agreements can help companies protect their budgets, especially in periods when prices are expected to increase further.

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

Trump’s Tariffs Took a Toll on American Manufacturers’ Finances

Friday, March 28, 2025

ArcelorMittal Industeel and EDF Renewables announced the construction of a solar plant in France

Friday, March 28, 2025

IFC's EUR 250 million financing support to Aperam for decarbonization in steel production

Wednesday, March 26, 2025

Kuwait Gains Access to Global Debt Markets After Law Amendment

Friday, March 28, 2025

China's international trade volume increased by 14% in February

Friday, March 28, 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