Alarm in the Construction Sector! Steel Prices Have Reached Historic Peaks.

The Turkish construction sector has become uneasy in the face of sudden price increases for essential construction materials such as iron, cement, and concrete, alongside ongoing activity in the housing market. The recent rise in iron prices, in particular, is causing serious concern among contractors. In Istanbul, the price per ton of iron has exceeded 30 thousand 700 TL, while in Karabük, it has reached around 30 thousand TL.

These price increases are not limited to iron; cement and concrete prices are also following a similar upward trend. Contractors warn that these rising costs could slow down project progress, and this situation might be reflected in housing prices. As a result of increasing construction costs, uncertainty begins to prevail in many projects.

Economists emphasize that there has not been a significant increase in exchange rates, pointing out that these sudden price hikes cannot be explained by economic reasons. This situation creates great concern among contractors, as the imbalance in supply and demand may hinder the realization of new projects.

Contractors argue that the current cost increases could lead to disappointment, especially in housing projects, and that this situation could undermine overall confidence in the sector. The warning that “new projects may come to a standstill” raises concerns about the future of the industry. Under the current conditions, it is crucial for construction companies to be able to cover their costs in order to survive.

Thus, sector representatives agree that such price increases will negatively affect both construction activities and housing prices. Currently, not only economic conditions but also exchange rates and market fluctuations have significant weight. Contractors must take immediate action to balance their costs at this point.