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Iron prices and the relationship with the housing market

Iron consumption in different industries varies depending on demand and type of consumption. In our densely populated country, Iran, there is a great need and demand for housing, and housing needs materials such as iron. Despite the high demand for housing in Iran, the amount of purchase in the housing market is low and stagnant. What is the cause of this issue? In this article, we seek to answer this question; One of the factors affecting the price of housing is the increase in the price of iron and other materials, which we will discuss in this article. In addition, we will talk about the impact of iron prices on the housing market and what will be the factors that increase iron prices. If you want to study and analyze this issue comprehensively and completely, stay with us until the end of the article.

The impact of iron prices on the housing market
As we said before, iron is one of the main items in the construction industry and is known as one of the important materials in this industry. Therefore, any change in iron prices can affect the housing market. But you may be wondering why we should fluctuate so much, even though Iran is a rich source of iron ore. In answer to this question, it should be said that our country has complicated political conditions and many fluctuations in the prices of iron and other steel sections due to struggling with sanctions. Also keep in mind that the price of iron is not only affected by these factors but also depends on other factors such as the price of the dollar. We have always and everywhere seen that the rising price of the dollar has affected everything. This time, too, it must be said that fluctuations in the price of the dollar will have a great impact on the price of iron. Therefore, if you are active in the construction industry, it is necessary to carefully study and analyze these cases so as not to be harmed.

How do changes in iron prices affect the housing market?
So far in this article, we have tried to tell you how the changes in iron prices will affect the housing market, but you may be wondering how this will happen. This effect occurs in two direct and indirect ways, which we will explain to you in the following:

Direct impact of iron prices on the housing market
Since the production of many items and materials needed for construction, such as doors, windows, pipes, etc., depends on the steel of steel sections, so as the price of iron and other steel sections increases, so does their price. As you know, in any work and industry, the cost of consumables will affect the cost of the product. However, if the price of raw materials and goods needed for construction increases, the price of housing will also increase. In other words, if the increase in the price of steel sections is 100%, this price increase in construction will have a minimum increase of 20%.

Indirect impact of iron prices on the housing market
This effect may occur indirectly. If we want to deal with the indirect effect of this issue, we must say that the increase in the price of iron or other steel sections can affect the price of other building materials such as cement, brick, plaster and so on. Despite this price increase, it is predictable that the housing market will also fluctuate in price.

If you remember, we said at the beginning of the article that sanctions and political and economic conditions also affect the rise in iron prices. We must now remember that if this is the reason for the increase in the price of iron and other steel sections, sanctions and political conditions, then we must wait for the increase in the price of other materials as well. Certainly, this increase in prices will not have a good effect on the housing market, and construction activists will face a recession in their industry.

How to know the best price of iron?
It has always been important for those who work in the construction industry to be able to know the best material prices or to be able to have a correct analysis of prices. If activists in this field can predict the price of materials and buy at the right time, they will definitely make more profit. The good news is that this need has been largely met today. In fact, with the Internet and the web, no question will go unanswered. There are many sites to answer questions in the field of construction, review and forecast prices, knowing which can be very helpful for anyone working in the field of construction. There are certain sites that have been able to well analyze and analyze the market of this industry. So far, the question has been on your mind what factors affect the price of iron and other steel sections, which we will answer in the rest of this article.

What are the factors affecting the price of hardware?
Steel sections, including iron, are a practical factor in many industries. There are many factors that can affect the price of hardware, in this section we want to share some of the most important ones with you:

Supply and demand
Supply has always been inversely related to price and demand. In this way, with the increase of demand, the supply has decreased and the price has also increased. The iron ore market has not survived. Therefore, supply and demand is one of the important factors that affect the price of iron. In this way, if construction increases and the demand for the iron market increases, the supply gap decreases and then the price of iron increases. Also, with the increase in supply, the prices of iron and other steel sections will decrease.

Exchange rate
The dollar has always been everywhere and everywhere when prices fluctuated. Therefore, it is safe to say that any change in price