Why did the Steel Wire Rod Price Change in May 2025? he Steel Wire Rod Price Index for the North American region followed a persistent downward trend, ending Q1 2025 at USD 1,183/MT Ex Texas (USA) for A36–8 mm grade.

Get the latest insights on price movement and trend analysis of Steel Wire rods in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Producer Price Index by Industry: Steel Wire Drawing: Carbon Steel Wire (PCU3312223312225A) from Jun 1982 to May 2025 about wired, steel, PPI, industry, inflation, price index, indexes, price, and USA.

After four years of growth, the Bangladeshi market for hot-rolled non-alloy steel wire rods decreased by -18.8% to $49M in 2024. In general, consumption, however, showed a resilient increase. Hot-rolled non-alloy steel wire rod consumption peaked at $60M in 2023, and then reduced notably in the following year.

This dataset shows the domestic price for billet, bar and steel wire rod (SWR) (primary products from the steel making process)

China Settlement Price: Shanghai Future Exchange: Steel Wire Rod: 4th M data was reported at 3,470.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,546.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Steel Wire Rod: 4th M data is updated monthly, averaging 3,855.000 RMB/Ton from Mar 2009 (Median) to Apr 2025, with 193 observations. The data reached an all-time high of 6,592.000 RMB/Ton in Sep 2021 and a record low of 1,830.000 RMB/Ton in Nov 2015. China Settlement Price: Shanghai Future Exchange: Steel Wire Rod: 4th M data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price.

The global high carbon steel wire rod market is experiencing robust growth, driven by increasing demand from various sectors. The construction industry, a major consumer, is witnessing significant expansion globally, fueling the need for high carbon steel wire rod in reinforcing bars and other structural applications. Furthermore, the automotive industry's continued reliance on high-strength steel in vehicle components contributes significantly to market expansion. Technological advancements in steel production processes, leading to improved quality and enhanced efficiency, also play a crucial role. While some regional variations exist due to economic fluctuations and infrastructure development patterns, the overall market trajectory points towards sustained growth. Competitive pressures are significant, with numerous domestic and international players vying for market share. Pricing remains a key factor, influenced by raw material costs (iron ore, coking coal) and global steel production capacity. The market is segmented by various applications, with construction and automotive sectors leading, followed by manufacturing and others. Major players are strategically focusing on expanding production capacity, diversifying product portfolios, and exploring new markets to maintain their competitiveness. Although economic downturns or disruptions in raw material supply chains could pose challenges, the long-term outlook for the high carbon steel wire rod market remains positive, projected to maintain a steady Compound Annual Growth Rate (CAGR) over the forecast period (2025-2033). The companies listed – Yonggang, Zhongtian, Citic Steel, Sangang Minguang, Benxi Beitai, Xingtai Steel, Shajing Steel, Baogang, Yingkou Zhongban, Rongsheng, Hegang, Songshan, Hongchang Gaoxian, Fangda Steel, Wenan Steel, and Runzhong Steel – represent a mix of large integrated steel mills and specialized wire rod producers. Their competitive landscape is shaped by factors such as production capacity, geographical reach, technological capabilities, and strategic partnerships. The market is also subject to government regulations concerning environmental protection and trade policies, which impact both production costs and market access. Analysis suggests that consolidation and strategic alliances might occur in the coming years, leading to a more concentrated market structure. Regional variations in market growth are expected, with developing economies likely to experience faster expansion than mature markets due to their ongoing infrastructure development needs.

The global low carbon steel wire rod market, valued at $1201.2 million in 2025, is poised for significant growth. While the exact CAGR is unavailable, considering the robust demand driven by construction, automotive, and manufacturing sectors, a conservative estimate places the CAGR between 4% and 6% for the forecast period 2025-2033. This growth is fueled by several key factors. Increased infrastructure development globally, particularly in emerging economies, significantly boosts demand for steel wire rods used in reinforcing bars and other construction applications. The automotive industry's reliance on steel wire rods in manufacturing components further contributes to market expansion. Furthermore, the rising preference for sustainable materials and advancements in steel production technologies are creating opportunities for low-carbon steel wire rod manufacturers. However, fluctuating raw material prices and stringent environmental regulations pose challenges to market growth. The market segmentation reveals a considerable demand for both hot-rolled and cold-rolled steel wire rods, with hot-rolled commanding a larger share due to its cost-effectiveness in various applications. Steel fiber and steel nail manufacturing are major application segments, highlighting the industry’s dependence on diverse end-use sectors. Key players such as Kobe Steel, Jindal Steel Power, and Dongbei Special Steel Group are strategically investing in capacity expansion and technological upgrades to maintain their market positions. Geographic distribution shows significant demand from Asia Pacific, particularly China and India, reflecting these regions' robust economic growth and infrastructural development. North America and Europe also hold substantial market shares, driven by established industrial bases and ongoing infrastructure projects. The market's future growth hinges on effectively managing raw material costs, complying with environmental standards, and capitalizing on emerging technological advancements in steel production.

Carbon Steel Wire Rod Market Outlook

In 2023, the global market size for carbon steel wire rods was valued at approximately USD 15 billion. Driven by the demand from various industries, the market is projected to grow at a compound annual growth rate (CAGR) of 4.7%, reaching around USD 22 billion by 2032. The surge in infrastructure projects, automotive production, and industrial manufacturing are key growth factors propelling this market.

The primary growth factor for the carbon steel wire rod market is the booming construction industry, which utilizes these rods for reinforcement in concrete structures, bridges, and buildings. The increased investment in infrastructure development projects by governments across various regions is significantly driving the demand. Construction activities in emerging economies, particularly in Asia-Pacific and Latin America, are witnessing unprecedented growth, further fueling the need for carbon steel wire rods. The rapid urbanization and modernization of cities are expected to sustain this demand in the foreseeable future.

Another significant growth driver is the automotive industry. Carbon steel wire rods are crucial in the manufacturing of automotive components such as springs, fasteners, and suspension systems. With the rising production of vehicles to meet the increasing consumer demand and the push for electric vehicles (EVs), the consumption of carbon steel wire rods is expected to escalate. The automotive sector is also embracing advancements in manufacturing technologies, which require high-strength and durable materials, thereby boosting the market growth.

In the industrial sector, carbon steel wire rods are indispensable for the production of various machine parts, tools, and heavy equipment. Industrial manufacturing activities are expanding globally, driven by technological innovations and the necessity for efficiency and productivity improvements. The surge in industrial automation and machinery manufacturing directly translates to an increased demand for carbon steel wire rods. Additionally, the global emphasis on energy-efficient industrial solutions and the transition towards sustainable practices are expected to further augment the market growth.

The regional outlook for the carbon steel wire rod market indicates that Asia-Pacific will continue to dominate the market, driven by robust construction activities and industrial manufacturing in countries like China and India. North America and Europe are also significant markets due to their advanced automotive and industrial sectors. Latin America and the Middle East & Africa are emerging markets, showing substantial potential with ongoing infrastructure projects and industrialization efforts. The diverse range of applications across various regions ensures a steady demand for carbon steel wire rods.

Product Type Analysis

The carbon steel wire rod market is segmented by product type into low carbon steel wire rod, medium carbon steel wire rod, and high carbon steel wire rod. Low carbon steel wire rods are extensively used in the construction industry due to their excellent ductility and ease of welding. These rods are primarily used in the production of reinforcing bars, mesh, and other structural components. The increasing construction activities in residential, commercial, and infrastructure sectors are driving the demand for low carbon steel wire rods significantly.

Medium carbon steel wire rods offer a balance between strength and ductility, making them suitable for a variety of applications. These rods are predominantly utilized in the manufacturing of automotive components, industrial machinery, and agricultural equipment. The automotive industry's growth, coupled with the rising demand for durable and high-performance materials in industrial applications, is fueling the market for medium carbon steel wire rods. The versatility and cost-effectiveness of these rods make them a preferred choice in multiple sectors.

High carbon steel wire rods possess superior strength and hardness, making them ideal for applications requiring high tensile strength and resistance to wear and tear. These rods are used in the production of high-strength wires, springs, fasteners, and other critical components in heavy machinery and automotive sectors. The growing focus on producing high-performance automotive parts and the expansion of industrial manufacturing activities are driving the demand for high carbon steel wire rods. Innovations in material science and manufacturing technologies are further enhancing the properties of these

The global long steel wire rod market is experiencing robust growth, driven by a surge in construction activities worldwide and increasing industrial applications. The market, currently valued at approximately $50 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors: a global infrastructure boom, particularly in emerging economies; rising demand for steel wire rods in automotive manufacturing, and the expansion of the renewable energy sector (using steel in wind turbine construction). The construction segment, encompassing residential, commercial, and infrastructure projects, dominates the market share, followed by industrial applications, which include manufacturing and fabrication. Diameter segmentation reveals strong demand for wire rods in the 2-8mm diameter range, reflecting its versatile use across various applications. While challenges such as fluctuating raw material prices and environmental regulations pose restraints, technological advancements in steel production, coupled with sustained economic growth in key regions, will continue to drive market expansion. The major players in this market, including ArcelorMittal, Gerdau, Nippon Steel, POSCO, Nucor Corporation, and Ovako AB, are investing heavily in capacity expansions and technological innovations to maintain their competitive edge. Geographic analysis reveals strong growth potential in Asia Pacific, particularly China and India, driven by rapid urbanization and industrialization. North America and Europe, while demonstrating stable growth, are expected to maintain substantial market shares due to established infrastructure and a robust industrial base. Regional variations in regulatory environments and economic conditions will influence the pace of market growth in the coming years. The market's growth trajectory, therefore, presents significant opportunities for both established players and emerging market entrants across various segments and regions. This comprehensive report provides an in-depth analysis of the global long steel wire rod market, valued at approximately $80 billion in 2023. It delves into production, consumption, key players, emerging trends, and future growth projections, focusing on critical segments and geographic regions to deliver actionable insights for businesses and investors. Keywords: long steel wire rod, steel wire rod market, wire rod production, steel wire market size, steel wire applications, steel wire manufacturers, steel wire price forecast, steel wire industry trends.

China Settlement Price: Shanghai Future Exchange: Steel Wire Rod: 1st M data was reported at 3,285.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,329.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Steel Wire Rod: 1st M data is updated monthly, averaging 3,806.000 RMB/Ton from Mar 2009 (Median) to Apr 2025, with 193 observations. The data reached an all-time high of 6,595.000 RMB/Ton in Oct 2021 and a record low of 1,791.000 RMB/Ton in Dec 2015. China Settlement Price: Shanghai Future Exchange: Steel Wire Rod: 1st M data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price.

The global high carbon steel wire rod market is experiencing robust growth, driven by increasing demand from key sectors like construction, automotive, and machinery manufacturing. The market size in 2025 is estimated at $15 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This positive trajectory is fueled by several factors. The construction industry's expansion globally, particularly in developing economies, significantly boosts demand for high carbon steel wire rods used in reinforcement bars and other structural applications. Similarly, the automotive industry's ongoing growth, coupled with the increasing production of durable goods and machinery, further stimulates market expansion. Technological advancements leading to improved material properties and production efficiency contribute positively to market growth. However, fluctuations in raw material prices, particularly iron ore and coal, and the cyclical nature of the construction industry pose challenges to consistent growth. Furthermore, increasing environmental regulations regarding carbon emissions are prompting manufacturers to adopt sustainable production practices, influencing market dynamics. The market segmentation reveals a diverse product landscape. Diameter variations (6mm, 8mm, 10mm, 12mm, and others) cater to specific application needs. Geographically, Asia Pacific, particularly China and India, dominates the market due to their substantial construction and manufacturing sectors. North America and Europe also contribute significantly, although at a comparatively lower share. Key players in the market include Yonggang, Zhongtian, Citic Steel, and several other prominent steel manufacturers globally. Competitive strategies focus on product innovation, geographical expansion, and cost optimization to maintain a competitive edge in this dynamic market. Looking ahead, the market is poised for continued growth, although the pace might be influenced by global economic conditions and shifts in industry dynamics. The focus on sustainability and technological advancements will play a crucial role in shaping the future landscape of the high carbon steel wire rod market.

The global low carbon steel wire rod market, valued at $349.3 million in 2025, is projected to experience steady growth, driven by increasing demand from diverse sectors. The Compound Annual Growth Rate (CAGR) of 2.1% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. Key drivers include the robust construction industry, particularly in developing economies, which relies heavily on steel wire rods for reinforcement and infrastructure projects. Furthermore, the automotive industry's ongoing use of steel wire rods in components and the expanding manufacturing sector contribute significantly to market demand. While the market faces constraints from fluctuating raw material prices (iron ore and coal) and potential environmental regulations impacting steel production, technological advancements focusing on enhancing the efficiency and sustainability of steel production are mitigating these challenges. The competitive landscape is characterized by a mix of large multinational corporations like ArcelorMittal and POSCO, alongside significant regional players such as Baowu and Shagang Group. This competitive dynamic fosters innovation and ensures a steady supply of low carbon steel wire rod to meet evolving market needs. The market segmentation (although not explicitly provided) likely includes various wire rod grades based on tensile strength and carbon content, catering to specific application requirements. Regional variations in demand will likely reflect the economic development and infrastructure investment levels across different geographical areas. The forecast period (2025-2033) offers significant opportunities for companies that invest in research and development to improve the product quality and sustainability of low carbon steel wire rod, and to build strong supply chain relationships with key industry players in construction, manufacturing, and automotive sectors. Continued growth is anticipated, albeit at a moderate pace, reflecting the inherent cyclical nature of the steel industry and global economic conditions.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Steel Wire (WPU101705) from Jun 1982 to May 2025 about wired, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The Indonesian market for hot-rolled non-alloy steel wire rods rose notably to $4.3B in 2024, with an increase of 9% against the previous year. In general, the total consumption indicated mild growth from 2012 to 2024: its value increased at an average annual rate of +1.6% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -12.5% against 2022 indices.

In 2024, after two years of decline, there was significant growth in the Qatari market for hot-rolled non-alloy steel wire rods, when its value increased by 58% to $16M. Overall, consumption, however, continues to indicate a deep slump. Hot-rolled non-alloy steel wire rod consumption peaked at $185M in 2015; however, from 2016 to 2024, consumption remained at a lower figure.

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Stainless Steel Wire Rods Market Size 2024-2028

The stainless steel wire rods market size is forecast to increase by USD 1.66 billion at a CAGR of 4.15% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand from the construction industry. This sector's expansion is primarily driven by the rising infrastructure development and urbanization in various regions. Moreover, strategic alliances and partnerships among steel manufacturers are contributing to the market's growth by enhancing their production capabilities and expanding their customer base. However, the market faces challenges due to the fluctuation in prices of raw materials, particularly nickel and chromium, which are essential components of stainless steel. These price fluctuations can impact the profitability of manufacturers and, in turn, affect the market's growth trajectory. Overall, the market for stainless steel wire rods is expected to witness steady growth In the coming years, with the construction industry being a key driver and strategic collaborations among manufacturers playing a crucial role in market development.

What will be the Size of the Stainless Steel Wire Rods Market During the Forecast Period?

Request Free SampleThe market encompasses the production and distribution of long, continuous lengths of chromium-containing steel wires. These wires, renowned for their corrosion resistance, exhibit impressive tensile strength and a favorable strength-to-weight ratio. The market caters to diverse industries, including construction, mining, marine, oil & gas, aviation, medical, paper mills, and household applications. Stainless steel wire rods are integral to problem-solving in manufacturing processes, offering superior performance and reliability. Exporting is a significant facet of the market, with integrated facilities producing ultra-fine wires for biocompatibility in medical applications and robust wires for weight capacities in heavy industries. The market's size is substantial, with continuous growth driven by the versatility and reliability of stainless steel wire rods in various sectors.Key trends include increasing demand for lightweight materials, biocompatibility, and high-performance wires with enhanced durability.

How is this Stainless Steel Wire Rods Industry segmented and which is the largest segment?

The stainless steel wire rods industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationSteel wireSteel fastenersSteel bright barsOthersProduct8 mm10 mm6 mmOthersGeographyAPACChinaIndiaJapanSouth KoreaEuropeNorth AmericaUSMiddle East and AfricaSouth America

By Application Insights

The steel wire segment is estimated to witness significant growth during the forecast period. Steel wire, derived from high-carbon and low-carbon steel, is a versatile material used extensively in various industries, including construction, manufacturing, automotive, and agriculture. The rising demand for steel wire is attributed to its superior strength, durability, and corrosion resistance. In construction, steel wire is employed as reinforcement for concrete structures, and in suspension bridges, it is utilized for ropes due to its high tensile strength. Furthermore, steel wires find extensive applications in industries like mining, marine, oil & gas, aviation, medical, paper mills, and household applications. The lightweight yet robust nature of steel wires makes them suitable for use in construction projects, such as vibration dampening in marine applications and support cables in suspension bridges.Steel wires' reliability and problem-solving capabilities are evident In their use as mooring cables, scaffolding systems, anchoring buildings, hoisting equipment, and load-carrying cables. The strength-to-weight ratio, biocompatibility, and durability of steel wires make them a preferred choice for numerous applications, offering cost savings and enhanced performance.

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The Steel wire segment was valued at USD 3.43 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 66% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is driven by the expansion of end-user industries, particularly In the Asia Pacific (APAC) region. Countries like China, Japan, and India are key contributors due to their growing automotive and construction sectors. For insta

The global high carbon steel wire rod market is experiencing robust growth, driven by the expanding construction, automotive, and machinery industries. The market size in 2025 is estimated at $15 billion, projected to reach $22 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of approximately 5%. This growth is fueled by increasing infrastructure development globally, particularly in emerging economies, along with the rising demand for automobiles and sophisticated machinery. Furthermore, advancements in steel manufacturing techniques leading to enhanced strength and durability of high carbon steel wire rods are contributing to market expansion. Key applications include reinforcement bars in construction, springs and wires in automobiles, and various components in industrial machinery. The market is segmented by diameter (6mm, 8mm, 10mm, 12mm, and others) and application (construction, automotive, machinery, and others), allowing for targeted market penetration strategies. Competition is intense, with major players like Yonggang, Zhongtian, Citic Steel, and others vying for market share through strategic expansion, technological innovation, and vertical integration. However, the market faces certain challenges. Fluctuations in raw material prices, particularly iron ore and coal, can significantly impact production costs and profitability. Moreover, environmental regulations related to carbon emissions are pushing manufacturers to adopt more sustainable production methods, potentially increasing operational expenses. Economic downturns in key consumer markets can also dampen demand. Nevertheless, the long-term outlook for the high carbon steel wire rod market remains positive, underpinned by sustained growth in infrastructure development and industrialization across the globe. The increasing use of high-carbon steel wire rods in specialized applications, such as high-strength wire ropes and prestressed concrete, is further boosting market prospects.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Wire Rod, Carbon (WPU10170202) from Dec 2010 to Nov 2017 about wired, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

5840 Global export shipment records of Steel Wire Rod with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.