steel wire rod Pricing Assessment

Name: Steel Wire Rod Price Trend, Analysis and Forecast
Creator: PriceWatch
Published: 2025-02-20T07:05:44+00:00
License: https://www.price-watch.ai/privacy-policy/

Markets Covered:

India

China

United States

United Kingdom

Steel Wire Rod Price Trend, Analysis and Forecast

In Q1 2024 Steel Wire rod prices price rise in markets like China, the USA, and the European Union. India saw steady demand in Steel Wire rod prices as secondary producers raised their offer levels. This increase occurred despite the absence of major changes in the country’s macroeconomic fundamentals, underscoring the impact of domestic supply-demand dynamics on the price trend. US domestic Steel Wire rod prices were more or less steady as market participants have started to see a bottom forming in prices as they expected demand to pick up over the next couple of months.

In Q2 2024 Steel Wire rod market depicting a falling trend, with largely stable market dynamics in India. The market sentiment remained largely steady, reflecting a cautious approach among producers and buyers alike. Prices in China showed significant change of 11% in the quarter with falling demand and influence of seasonal pattern across different sectors.

Q3 2024, Steel Wire rod, Indian domestic prices dropped in the month as producers lowered offers on lukewarm downstream demand in view of the upcoming monsoon season. Prices in the region fell by 4% followed by 11% drop in Chinese market. Steel sector in Chinese market continue to show dull market and buying interest on subdued imports and lower inventory levels. However, on the other hand UK showed minor increase in price for the quarter.

Q42024

In Q4 2024, Steel Wire rod prices increased in both China and India. In China, the rise was driven by a slight rebound in demand from the construction and manufacturing sectors, which are key drivers of steel demand in the country. Additionally, the Chinese government’s increased focus on infrastructure development and stimulus measures provided some support to the market. In the USA, domestic Steel Wire rod prices were little downside, as mills faced intense competition from aggressive spot import offers, which pressured prices downward. However, demand from the construction and automotive sectors remained stable, and producers tried to maintain price levels through limited price hikes, despite the import competition.

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is your trusted resource for tracking global steel wire rod price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the steel wire rod market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's steel wire rod price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in steel wire rod prices

Global Economic Downturn (2019-2020): The global economic slowdown, particularly in sectors like steel and automotive, led to reduced demand for Steel Wire rod, resulting in lower prices.
COVID-19 Pandemic (2019-2020): The global pandemic led to a significant decline in demand for STEEL WIRE ROD-intensive industries, such as steelmaking and automotive manufacturing, causing prices to plummet.
Global Supply Chain Disruption (2022): The war in Ukraine and other geopolitical tensions disrupted supply chains, leading to price volatility in various commodities, including STEEL WIRE ROD.

These events underscore the STEEL WIRE ROD market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Methodology and Specifications

steel wire rod Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.
On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major STEEL WIRE ROD production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
Supply Chain Monitoring: We track the entire STEEL WIRE ROD supply chain, from raw material availability to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact STEEL WIRE ROD prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.
Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on STEEL WIRE ROD production facilities, particularly in vulnerable regions like the APAC coasts. These events are factored into our price forecasts and supply outlooks.
Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging, to predict shifts in STEEL WIRE ROD demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global STEEL WIRE ROD production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.
Future Capacity Projections: Our research includes detailed forecasts of upcoming STEEL WIRE ROD production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: PriceWatch provides an in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global STEEL WIRE ROD pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast STEEL WIRE ROD prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most-likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable STEEL WIRE ROD pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

CAS No

HS Code

721399

Molecular Formula

steel wire rod

A Steel Wire rod is a type of steel product produced through a process where steel is heated and then passed through rollers to reduce its diameter and shape it into long, slender coils. This process enhances the steel’s tensile strength, making it suitable for further processing into wires, cables, and other products.

Packaging Type

Container

Grades Covered

A512-12.7mm, B500B 12mm, SAE1008-5.5mm, SAE1008-6.5mm

Incoterms Used

FOB Shanghai (China), Ex-Mumbai (India), Ex-Alabama (USA), FD Sheffield (UK)

Synonym

STEEL WIRE ROD

Quotation Terms:

15-18 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Material Standard	ASTM A510, JIS G3503, EN 10016, etc.
Carbon Content (%)	Low Carbon: 0.05 – 0.25%
Diameter (mm)	5.5 – 16 mm (Common Sizes)
Tensile Strength (MPa)	400 – 1200 MPa (Depending on Grade)
Yield Strength (MPa)	250 – 1000 MPa

Applications

• Wire Manufacturing: wires used in electrical, telecommunications, and industrial applications. • Nails and Fasteners • Spring Manufacturing: variety of springs, including tension, compression, and torsion springs. • Fencing and Security: create fencing materials, including wire mesh, barbed wire, and welded wire fencing. • Electrical Conductors: Steel Steel Wire rods are used to make conductors for power lines. • Bicycle and Furniture Manufacturing

Disclaimer

Steel Wire Rod price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for steel wire rod. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence the pricing of Steel Wire rod? +

The pricing of Steel Wire rod is influenced by several key factors, including:
1. Raw Material Costs
• Iron Ore & Scrap Prices – The cost of raw materials like iron ore and steel scrap directly affects Steel Wire rod prices.
• Alloying Elements – Prices of elements like carbon, manganese, and chromium impact cost.
2. Supply & Demand
• Construction & Infrastructure Projects – High demand from the construction sector raises prices.
• Automobile & Manufacturing Industry – Increased use in fasteners, springs, and cables affects demand.
3. Production Costs
• Energy Costs – Electricity and fuel costs in steel mills influence final pricing.
• Labor & Operational Costs – Wages and overheads impact production expenses.
4. Market Conditions & Trade Policies
• Import/Export Tariffs & Duties – Trade restrictions and tariffs can raise or lower prices.
• Government Regulations & Policies – Environmental policies and steel industry regulations impact costs.
5. Currency Exchange Rates
• Since steel is traded globally, fluctuations in currency values affect import/export pricing.
6. Logistics & Transportation
• Shipping Costs – Freight rates and fuel prices impact delivery expenses.
• Geographical Proximity to Mills – Distance from production sites affects final cost.
7. Economic Conditions
• Inflation & Interest Rates – Economic downturns or growth affect steel consumption.
• Global Market Trends – Prices are influenced by steel production trends in China, India, and other major producers.

What is the relationship between Steel Wire rod prices and inflation? +

Steel Wire rod prices and inflation are closely linked, as fluctuations in steel prices can influence overall inflation through cost-push effects in industries like construction, automotive, and manufacturing. Rising raw material costs, energy prices, and transportation expenses contribute to higher Steel Wire rod prices, which, in turn, increase production costs for end-use sectors, leading to broader inflationary pressures. Conversely, high inflation can drive up input costs, including labor and logistics, further escalating steel Steel Wire rod prices. Central bank policies, interest rates, and currency fluctuations also play a role in shaping this relationship by affecting both production costs and demand dynamics.