Iron Prices Rise on Freight and Supply Pressure, Construction Costs Increase

Global iron ore prices are testing resistance levels, rising to the $102-105 per ton range due to logistics risks originating from the Middle East and an increase in freight costs. This uptrend, combined with supply-side constraints, suggests that prices could rise further. In the domestic market, exchange rate volatility and an increase in global scrap prices have pushed rebar prices to 33,000-35,000 TL per ton. While China's capacity limitation policies are tightening global supply, rising input costs in the local market are negatively affecting the housing production index. Increasing freight costs and logistical disruptions are creating bottlenecks in the iron ore supply chain, escalating cost pressure in the construction sector. Experts indicate that this situation could sustain the upward trend in prices in the short term. This is not investment advice.