Thursday 16/April/2026 – 07:12 AM
Engineer Ahmed Al-Zaini, Head of the Building Materials Division at the Chamber of Commerce, confirmed that the recent increase in… Iron prices It was the result of several factors, most notably the rise in the price of the dollar and the increase in shipping costs globally, in addition to the imposition of protection duties on iron imports.
Reasons for the recent increase in iron prices
Al-Zaini explained, during television statements, that iron prices witnessed fluctuations during the last period, as they declined at the end of 2025 as a result of the recession and weak demand, before returning to rise again at the beginning of this year, to currently range between 37 thousand and 39.5 thousand pounds per ton for the consumer.
Al-Zaini pointed out that the building materials market is currently suffering from an almost complete recession, stressing that weak demand is the decisive factor in determining prices, pointing out that despite the recent increases, they will not significantly affect real estate prices, especially since developers had already priced at higher levels during the last period.
He added that iron prices are subject to the supply and demand equation, in addition to their connection to global raw material prices, the dollar exchange rate, and production costs, stressing that any decline in these factors may be reflected in prices during the coming period.
