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Steel Wire Rod Price Trend and Forecast

UNSPC code: 11101605
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

steel wire rod Price Trends by Country

inIndia
cnChina
usUnited States
gbUnited Kingdom

steel wire rod Pricing Trends in India: 

  • Northern India steel wire rod market price trend
  • Southern India steel wire rod market price trend
  • Central India steel wire rod market price trend

Global steel wire rod Spot Market Prices, Trend Analysis and Forecast

Steel Wire Rod Price Trend Q3 2025

In Q3 2025, the global Steel Wire Rod market showed varied trends, with some regions benefiting from strong construction and manufacturing demand, while others struggled under the weight of oversupply and muted industrial activity. Competitive import pressures and stable raw material costs limited price volatility in many markets. September saw minor changes in most regions, reflecting a balance between cautious procurement and selective restocking ahead of seasonal demand patterns.

USA

Steel Wire Rod Domestic prices EX Alabama, USA, Grade- A512-12.7mm.

The price trend of Steel Wire Rod in the USA rose by 2.07% in Q3 2025, underpinned by strong demand from construction, automotive, and industrial fabrication sectors. Restricted domestic supply due to mill outages and lower import arrivals provided upward momentum to pricing. Market sentiment stayed generally positive, with buyers confident in long-term project pipelines. Procurement from end-users remained steady, ensuring support for prices across most regions. Steel Wire Rod prices in the USA inched up by 0.2% in September 2025, driven by consistent restocking activity, although gains were modest amid balanced supply-demand conditions.

India

Steel Wire Rod Domestic prices EX Mumbai, India, Grade- SAE1008-5.5mm

According to PriceWatch, the price trend of steel wire rod in India dropped sharply by 3.76% in Q3 2025, as the demand for manufacturing, engineering, and construction has been weak. Imports from Asian competitors also put pressure on domestic prices, leaving local mills with low market shares due to oversupply. Limited progress in infrastructure projects and low activity in downstream sectors constrained consumption, which remained subdued throughout all of the quarter.

Buyers have been cautious not to procure large inventories, given uncertainty on the near-term pricing. Steel wire rod prices in India have decreased by 0.6% in September 2025, as demand remained weak aside from selective purchases made in anticipation of requirement during the seasonal period.

China

Steel Wire Rod Export prices FOB Shanghai, China, Grade- SAE1008-6.5mm.

According to PriceWatch, in the third quarter of 2025, Steel Wire Rod price trend in China have dropped by 1.60% due to low domestic demand from the construction and manufacturing sectors, impacting price growth in an oversupplied market. Export flows have deteriorated with increasing competition from Southeast Asian suppliers, while mills have maintained steady production levels amid slow offtakes. At this stage, steady raw material costs have provided minimal support for a market recovery, with sentiment remaining weak across regions. By September 2025, as seasonal demand subsided and procurement slowed in anticipation of a weaker Q4 market outlook, Steel wire rod prices in China declined again by 3.1%.

UK

Steel Wire Rod Domestic prices FD Sheffield, UK, Grade- B500B 12mm.

According to PriceWatch, n Q3 2025, the price trend for Steel Wire Rod in the UK experienced a decline of 2.64% owing to declining construction activity and weak industrial demand, as well as relatively strong competition from imports manufactured by other European producers. Domestic mills endured margin pressure versus high operating costs of production while attempting to stimulate buyer interest. Exports lacked momentum and further curtailed market opportunities.

Underlying procurement demands remained low as buying has been limited to only immediate requirements. As a result, Steel Wire Rod prices in the UK modestly increased 0.4% in September 2025 with supporting small procurement orders deployed for infrastructure projects, which was reassuring but not necessarily indicative of greater demand, consumption trends have remained flat, and overall infrastructure spending continues to reflect continued concerns over ultimate project timelines.

Steel Wire Rod Price Trend Analysis: Q2 2025

According to PriceWatch, In Q2 2025, steel wire rod prices in China declined from $517 per metric tonne in Q1 to $511 per metric tonne in Q2, a 1.16% decrease. This downward movement was driven by continued oversupply, sluggish construction activity, and cautious export demand. Despite some government efforts to stimulate infrastructure projects, the recovery in downstream sectors such as construction and manufacturing was slower than anticipated.

High inventory levels at mills and persistent competition from Southeast Asian producers put additional pressure on prices. Export opportunities remained limited due to global trade tensions and competitive pricing from other Asian suppliers, resulting in a subdued wire rod market throughout the quarter. 

In the UK, steel wire rod prices remained almost flat, slipping marginally by  0.14% in Q2 2025. The market was characterized by stable but subdued demand from construction and manufacturing, with little change in supply conditions. Ongoing economic uncertainty and cautious buying behavior kept price movements minimal.

UK producers managed to maintain market share due to limited import competition, but the lack of significant new projects or restocking activity meant that prices stayed largely unchanged. The market outlook remains cautious, with buyers closely monitoring both domestic and European economic developments. 

In the United States, steel wire rod prices rose 1.61% in Q2. The US market benefited from robust demand in construction, automotive, and manufacturing sectors, as well as ongoing infrastructure projects that require significant volumes of wire rod.

Domestic mills leveraged trade protections and limited import competition to implement price increases, while higher raw material and energy costs were also passed on to buyers. The stable economic environment and strong end-user demand helped sustain the upward price trend, making the US one of the more dynamic wire rod markets globally in Q2 2025. 

Steel Wire Rod Price Trend Analysis: Q1 2025

In Q1 2025, steel wire rod prices in China remained stable at $517/MT FOB Shanghai, as the market balanced persistent oversupply with cautious demand from manufacturing and construction sectors. Despite production discipline and some voluntary output cuts by mills, weak export orders and sluggish domestic consumption kept prices from rising.

Meanwhile, both the USA and UK experienced price increases, driven by a rebound in infrastructure spending, improved construction activity, and tighter supply chains after a period of destocking and import competition.

In the US, renewed buying from downstream sectors and expectations of further demand growth supported firmer offers, while the UK benefited from restocking by distributors and steady demand from automotive and engineering industries. India’s market also saw a moderate uptick, buoyed by government infrastructure initiatives and stable raw material costs. 

Steel Wire Rod Price Trend Analysis: Q4 2024

In Q4 2024, 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 wire rod prices had 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. 

Steel Wire Rod Price Trend Analysis: Q3 2024

Q3 2024, 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. 

Steel Wire Rod Price Trend Analysis: Q2 2024

In Q2 2024 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.  

Steel Wire Rod Price Trend Analysis: Q1 2024

In Q1 2024 Wire rod prices price rise in markets like China, the USA, and the European Union. India saw steady demand in 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 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. 

India steel wire rod Spot Market Prices, Trend Analysis and Forecast

Steel Wire Rod Price Trend Analysis: Q1 2025

Q1 2025, wire rod prices in India climbed to $638/MT Ex-Mumbai, marking a robust 3.05% increase over the previous quarter. This upward movement was driven by strong demand from construction, infrastructure, and manufacturing sectors, fueled by government spending and new project launches. Mills operated at high-capacity utilization, and buyers were more active in the market, restocking inventories amid expectations of further price increases. Export opportunities remained favorable, and overall sentiment was upbeat, with the market anticipating sustained growth in the near term. 

Steel Wire Rod Price Trend Analysis: Q2 2025

According to PriceWatch, steel wire rod prices in India increased a 1.86% Q-o-Q, an increase from approximately $618 per metric tonne in Q1 to $630 per metric tonne in Q2. The Indian market was supported by steady demand from the construction, infrastructure, and automotive sectors, all of which rely heavily on wire rod for reinforcement and fastener applications.

Government-led infrastructure initiatives and a stable rupee contributed to positive sentiment, while relatively firm input costs also helped underpin prices. Domestic mills maintained healthy order books, and limited import competition allowed for moderate price increases during the quarter. 

Steel Wire Rod Price Trend Analysis: Q1 2024

In Q1 2024, India’s steel wire rod prices averaged $629/MT Ex-Mumbai, showing a marginal 0.32% increase from the previous quarter. The market was characterized by steady demand from the construction and wire drawing industries, though overall sentiment was somewhat cautious due to subdued export orders and stable raw material costs.

Mills maintained production levels, and inventory positions remained balanced. Buyers continued to make purchases on a need-basis, anticipating only minor price movements, while government infrastructure projects provided a floor to domestic demand. 

Steel Wire Rod Price Trend Analysis: Q2 2024

During Q2 2024, prices edged slightly higher to $631/MT, up by 0.32% quarter-on-quarter. The onset of the dry season saw a modest pickup in construction activity, which supported wire rod consumption. Demand from the automotive and engineering sectors remained stable, while export opportunities improved marginally due to competitive Indian pricing.

Mills benefited from stable input costs, particularly for iron ore and energy, allowing them to hold offers firm. Market sentiment was cautiously optimistic, with participants expecting a steady, if unspectacular, growth trajectory. 

Steel Wire Rod Price Trend Analysis: Q3 2024

Q3 2024 saw a notable dip in prices to $607/MT, a 3.74% decline from the previous quarter. The monsoon season led to a slowdown in construction and infrastructure projects, which are major consumers of wire rod. Additionally, some stockists reduced their purchases in anticipation of further price corrections, leading to softer demand.

Export activity was also subdued as global buyers remained cautious amid fluctuating international prices. Mills responded by offering discounts to move inventory, but overall, the market remained under pressure with limited buying interest. 

Steel Wire Rod Price Trend Analysis: Q4 2024

In Q4 2024, prices rebounded to $619/MT, a 1.95% increase quarter-on-quarter. The post-monsoon period brought renewed momentum to construction and infrastructure projects, leading to improved domestic demand. The wire drawing and fastener industries also increased their procurement, anticipating higher activity in the coming months.

Export demand showed slight improvement, and mills were able to implement moderate price hikes as inventories normalized. The market mood turned positive, with expectations of continued recovery. 

Global steel wire rod Supply Chain

Upstream
Downstream
  • Wire rod (Nails and fasteners, spring manufacturing, fencing and security electrical conductors) 
Major supplying countries
  • China, India 
Major importing countries
  • UK, USA 

India steel wire rod Supply Chain

Upstream
  • Iron ore
  • Carbon and Coke
Downstream
  • Wire rod (Nails and fasteners, spring manufacturing, fencing and security electrical conductors) 
Major supplying countries
  • China, India 
Major importing countries
  • UK, USA 

Technical Specifications of Steel Wire Rod Price Trends

Product Description

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.

Identifiers and Classification:

  • HS Code – 721399

Steel Wire Rod Grades Specific Price Assessment:

  • Steel Wire Rod A512-12.7mm Price Trend
  • Steel Wire Rod B500B 12mm Price Trend
  • Steel Wire Rod SAE1008-5.5mm Price Trend
  • Steel Wire Rod SAE1008-6.5mm price Trend

Steel Wire Rod Global Trade and Shipment Terms

*Quotation Terms (Product & Country Specific): 15-18 MT

**Packaging Type (Product & Country Specific): Container

Incoterms Referenced in Steel Wire Rod Price Reporting

Shipping Term  Location  Definition 
FOB Shanghai  Shanghai, China  Steel Wire Rod Export price from China 
Ex Alabama  Alabama, USA  Domestically traded Steel Wire Rod price in USA 
FD Sheffield  Sheffield, UK  Domestically traded Steel Wire Rod price from UK 
EX-Mumbai  Mumbai, India  Domestically Traded Steel Wire Rod price in Mumbai, India 
Ex-West India  West India  Domestically Traded Steel Wire Rod price in West India 
Ex-Bhilai  Bhilai, India  Domestically Traded Steel Wire Rod price in Bhilai, India 
Ex-Central India  Central India  Domestically Traded Steel Wire Rod price in Central India 
Ex-Durgapur  Durgapur, India  Domestically Traded Steel Wire Rod price in Durgapur, India 
Ex-East India  East India  Domestically Traded Steel Wire Rod price in East India 
Ex-Visakhapatnam  Vishakhapatnam, India  Domestically Traded Steel Wire Rod price in Visakhapatnam, India 
Ex-Sothern India  South India  Domestically Traded Steel Wire Rod price in Southern India 
Ex-Ghaziabad  Ghaziabad, India  Domestically Traded Steel Wire Rod price in Ghaziabad, India 
Ex-North India  North India  Domestically Traded Steel Wire Rod price in North India 

*Quotation Terms refers to the quantity range specified for the Steel Wire Rod being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Steel Wire Rod packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Steel Wire Rod Manufacturers

Manufacturer 
ArcelorMittal   
Bekaert   
Nippon Steel Corporation   
JFE Steel Corporation   
Shagang Group  
Emirates Steel   
Tata Steel Limited  
Hebei Sakaguchi Stainless Steel   

Steel Wire Rod Industrial 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

Historically, several events have caused significant fluctuations in Steel Wire Rod prices

  • 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.
  • 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.

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

Why PriceWatch?

PriceWatch 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, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence steel wire rod prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely steel wire rod market data.

Track PriceWatch'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.

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.

Steel Wire Rod Market Price Trend provided by PriceWatch 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. PriceWatch 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.

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.

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.

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