10,727.58 TRY BIST 100 BIST 100
36.60 USD USD USD
5.09 CNY CNY CNY
39.76 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
37.05 TRY Interest Interest
70.45 USD Fossil Oil Fossil Oil
33.88 USD Silver Silver
4.94 USD Copper Copper
104.46 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,518.13 TRY Gold (gr) Gold (gr)

Production barriers are intensifying in Iran

Reviewing the trading activity of rebar in the physical commodity exchange during the third week of August reveals a decline in transaction volume within this market.

Production barriers are intensifying in Iran

In Iran, the rise in production costs due to increased billet prices, coupled with the potential for higher gas prices, has led to a significant uptick in the overall cost of manufacturing long steel products. In this situation, the producers of long steel products are facing the uneconomical production due to cost growth and the impossibility of reflecting this rate growth in the sales price due to the heavy recession in the consumer market, and this issue has led them to voluntarily reduce production. Reviewing the trading activity of rebar in the physical commodity exchange during the third week of August reveals a decline in transaction volume within this market.

The significant price difference between the free market and the stock market makes purchasing from the stock market economically unfeasible. This contributes to the ongoing market recession, as traders are hesitant to buy rebar at current prices from the physical market due to uncertainty about medium-term demand improvement and potential price growth.

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

In India, the rise of EAF and green hydrogen in steel production

Monday, March 17, 2025

Erciyas Çelik Boru announced loss in 2024

Monday, March 17, 2025

How the MENA region is leading the way in low-emission iron and steel production?

Monday, March 17, 2025

Özyaşar Tel received new orders from domestic and international customers

Monday, March 17, 2025

Hyundai Steel switches to emergency management

Monday, March 17, 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