Latest Rebar Prices, Mehr 20, 1405: Iron Market Retreats + Table

Easing excitement in the iron market has pushed rebar prices toward stability and correction across most high-demand brands.

Economy group, iron and steel market is going through a slow process today. False excitement has subsided and we are witnessing a kind of relative stability along with price correction in some popular sizes.

After the successive fluctuations of the past months, the market participants of the rebar market have seen the reduction of buying pressure and the return of balance to trading prices. Evidence shows that buyers have stopped impulse buying for the time being and are waiting for more transparency in rates.

A look at today's price list shows that the downward trend, albeit limited, can be seen in many well-known brands. This price correction comes as prices have returned to more reasonable levels in key sizes of rebar.

"Milgerd 12 Ajdar Bafaq Yazd" is placed in the channel of 112 thousand tomans, which is considered the biggest price drop among today's list. Also, the price of "Kashan desert 18-rib bar" also reached 110 thousand 181 tomans, and "Aryan Steel's 14 bar" was fixed at 108 thousand 181 tomans.

On the other hand, "Isfahan Iron 16 Ribbed Rebar" with a price of 115,909 Tomans, continued to work in a completely stable condition, and this stability in reference brands is a positive signal for manufacturers to make planned purchases.

Several reasons are involved in this price stability; including the relative saturation of the market after the end of the peak summer construction season, the control of inflationary expectations, and also the correction of global bullion prices, which has had its effect on the expenses of domestic producers.

However, although the prices are in a corrective state, one should not expect sudden and drastic falls. For builders who have half-finished projects, the current situation (price stability) is a golden opportunity to secure materials without fluctuating risks, and it is recommended that projects that are in the stages of skeletonization complete their purchases by closely monitoring daily prices.