Why did the Steel Wire Rod Price Change in July 2025? The Steel Wire Rod Price Index in the USA decreased by 4% quarter-over-quarter in Q2 2025. The decline was largely attributed to softening demand from the automotive and construction sectors, coupled with easing raw material input costs and competitive import offers.

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 Jul 2025 about wired, steel, PPI, industry, inflation, price index, indexes, price, and USA.

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.

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

The global free-cutting steel wire rod market rose rapidly to $1.9B in 2024, picking up by 11% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2024: its value increased at an average annual rate of +2.4% 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 -12.1% against 2022 indices.

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.

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.

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

After six years of growth, the Philippine free-cutting steel wire rod market decreased by -80.4% to $1.9M in 2024. Overall, consumption, however, showed a prominent expansion. Over the period under review, the market attained the maximum level at $9.8M in 2023, and then declined notably in the following year.

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.

The global aluminum wire rod market, valued at $16,950 million in 2025, is projected to experience steady growth, driven primarily by the burgeoning construction and automotive sectors. Increased infrastructure development globally, particularly in emerging economies, fuels significant demand for aluminum wire rod in electrical transmission lines and building construction. The automotive industry's ongoing shift towards lightweighting initiatives further propels market expansion, as aluminum wire rod offers a superior strength-to-weight ratio compared to steel. Technological advancements in aluminum alloy production, leading to enhanced durability and conductivity, also contribute to market growth. However, fluctuating aluminum prices and potential disruptions in the global supply chain pose challenges to market expansion. Competitive pressures from substitute materials, such as copper and steel, also need to be considered. Major players like Norsk Hydro, NPA Skawina, Midal Cables, Boryszew S.A, and Murti Udyog Ltd. are actively engaged in strategic expansions and collaborations to maintain their market share and capitalize on emerging opportunities. The market's compound annual growth rate (CAGR) of 1.4% from 2025 to 2033 indicates a moderate but consistent expansion. This growth is expected to be influenced by regional variations. While mature markets like North America and Europe might show stable growth, developing regions in Asia and South America are likely to exhibit higher growth rates due to rapid industrialization and infrastructure development. The segmentation of the aluminum wire rod market (details not provided) likely includes variations based on alloy type, diameter, and application. Further research into these segments would offer a more granular understanding of market dynamics and growth potentials within specific niches. Understanding these aspects is crucial for manufacturers and investors to formulate successful market strategies and achieve sustainable growth in this competitive landscape.

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.

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.

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

The global aluminum wire rod market, valued at $9,808.5 million in 2025, is projected to experience steady growth, driven by increasing demand from the construction, automotive, and electrical sectors. A compound annual growth rate (CAGR) of 3.6% from 2025 to 2033 indicates a robust market outlook, though the pace of growth might be influenced by fluctuations in raw material prices (aluminum ingot) and global economic conditions. The construction industry's reliance on aluminum wire rod for electrical wiring and structural applications is a major market driver. Furthermore, the automotive industry’s increasing adoption of lightweight materials, including aluminum, in vehicle manufacturing fuels demand. Technological advancements in aluminum alloy development, leading to enhanced strength and conductivity, are also contributing positively. However, potential restraints include competition from alternative materials such as copper and steel, particularly in cost-sensitive applications. Furthermore, environmental regulations concerning aluminum production and recycling could impact market dynamics and necessitate investments in sustainable manufacturing practices. Leading players like Aluminum Corporation of China, Vedanta, and UC RUSAL hold significant market share, and their strategic expansions and technological innovations significantly impact the market trajectory. Regional market variations exist, with developed economies likely showing more moderate growth compared to developing nations experiencing rapid infrastructure development. This difference in regional growth will significantly influence market shares over the forecast period. The competitive landscape is characterized by a mix of established multinational corporations and regional players. Intense competition based on price, quality, and technological advancements will continue to shape the market. Strategies like mergers and acquisitions, joint ventures, and investments in research and development will likely become increasingly crucial for maintaining a competitive edge. The market's future success hinges on companies' ability to respond effectively to evolving regulatory frameworks and consumer preferences for sustainable products. Supply chain resilience and efficiency will also be vital factors impacting profitability and market positioning.

After three years of growth, the Panamanian market for hot-rolled non-alloy steel wire rods decreased by -39% to $4M in 2024. Overall, consumption saw a mild decrease. Over the period under review, the market reached the peak level at $7M in 2018; however, from 2019 to 2024, consumption failed to regain momentum.

After two years of growth, the Bangladeshi free-cutting steel wire rod market decreased by -12.2% to $895K in 2024. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $1.5M. From 2014 to 2024, the growth of the market remained at a somewhat lower figure.

1585 Global import shipment records of Steel Wire Rod with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.