| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Steel Wire Rod | China | FOB | USD 479.84/MT | June 2026 |
| Steel Wire Rod | India | FOB | USD 724.36/MT | June 2026 |
| Steel Wire Rod | USA | FOB | USD 1,556.90/MT | June 2026 |
| Steel Wire Rod | Germany | FOB | USD 820.93/MT | June 2026 |
| Steel Wire Rod | Australia | CIF | USD 545.92/MT | June 2026 |
| Steel Wire Rod | China | FOB | USD 484.60/MT | May 2026 |
| Steel Wire Rod | India | FOB | USD 738.45/MT | May 2026 |
| Steel Wire Rod | USA | FOB | USD 1,556.90/MT | May 2026 |
| Steel Wire Rod | Germany | FOB | USD 828.43/MT | May 2026 |
| Steel Wire Rod | Australia | CIF | USD 535.43/MT | May 2026 |
Stay updated with the latest steel wire rod prices, historical data, and tailored regional analysis
Chinese iron ore futures finished lower and Qingdao spot prices eased slightly as trader activity stayed thin and steel mills remained wait-and-see. Weekly supply was broadly stable, with global shipments flat and port arrivals edging down, while the Port Hedland strike has not yet materially affected availability. Near-term prices are expected to consolidate on a subdued note.
Domestic iron ore concentrate prices fell this week as supply recovered and mills pressured for lower procurement costs. With more mines expected to resume output and blast-furnace hot metal demand likely to slip, prices may ease further next week.
Asia
In the second quarter of 2026, the monthly average steel wire rod price in China was ~RMB 3.23/kg in April and ~RMB 3.29/kg in the subsequent month, showing an increase of ~2.0%. Prices stayed under mild pressure due to surplus availability from steel mills and weak construction-linked wire demand. Export competition across Asia kept procurement cycles short, while downstream rebar and fastener sectors showed limited restocking interest. Meanwhile, the monthly average steel wire rod price in India was ~INR 71.44/kg, which was ~INR 72.85/kg in April and ~INR 70.04/kg in the subsequent month, showing a decrease of ~3.8%. Prices stayed broadly stable with slight support from infrastructure activity and consistent demand from wire drawing and engineering industries.
Europe
In the second quarter of 2026, the average steel wire rod price in Germany was ~EUR 0.71/kg, which was ~EUR 0.70/kg in April and ~EUR 0.73/kg in the subsequent month, showing an increase of ~3.5%. Prices gained strength due to tighter import availability following trade protection measures and quota restrictions. Weak downstream automotive demand limited stronger growth, but restricted supply from external markets kept domestic realizations firm.
North America
In the second quarter of 2026, the monthly average steel wire rod price in North America was ~USD 1,556.86/MT in April and ~USD 1,556.90/MT in the subsequent month, showing stability. Prices remained largely stable as balanced domestic supply and demand limited volatility. Construction and industrial wire applications provided steady baseline consumption, while import parity conditions prevented any sharp directional movement.
Analyst Insight
According to Procurement Resource, steel wire rod pricing is expected to remain uneven across regions, with trade policy and downstream construction activity continuing to play a larger role than raw material shifts.
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Asia
In Asia, steel wire rod prices moved within a volatile but mostly stable range during Q1 2026. In China, prices were supported early in the quarter by firm feedstock costs, but seasonal slowdown and weak construction demand limited buying. As inventories built up and consumption stayed slow, mills faced pressure to keep offers controlled. By March, demand improved slightly as projects resumed, though cautious procurement and ample stock prevented a sharp rebound. Export disruptions through West Asian trade routes also affected shipment flow and raised freight costs, which added pressure on domestic supply. China’s exports to Persian Gulf countries accounted for 11.72% of its total steel exports, showing the importance of this route for regional trade flows. In India, the market followed a similar pattern, with cost support present but downstream demand remaining selective.
Europe
In Europe, steel wire rod prices remained range-bound. Mill costs stayed elevated due to energy and freight expenses, and supply stayed largely sufficient. At the same time, construction and manufacturing demand remained soft, which kept buyers cautious and limited any notable upward movement. Import conditions also remained less efficient due to shipping delays and higher landed costs, but weak consumption prevented stronger price gains.
North America
In North America, prices showed controlled firmness rather than a clear upward trend. Higher input and logistics costs supported the market, while downstream demand from construction and manufacturing improved only gradually. Buyers continued to purchase mainly for immediate needs, which kept market momentum restrained. The U.S. produced 82.0 million tonnes of crude steel in 2025, reflecting stable production support in the regional market.
Steel billets or blooms that have been hot rolled are used to make steel wire rods, a semi-finished metal product. It is characterized by its small diameter, which normally ranges from 5.5 to 14 millimeters, and by having a round cross-section. Steel wire rods are extensively employed in a variety of sectors, including manufacturing, automotive, and construction.
They act as the main raw material for creating a variety of steel wire goods, including reinforcement materials, nails, screws, fencing, and springs. The performance and durability of the finished product are greatly influenced by the characteristics and quality of steel wire rods.
Automotive components, Welding electrodes, Cables and wires, Mesh and netting
ArcelorMittal S.A., Bridon-Bekaert Ropes Group, Heico Companies Metal Processing Group, HBIS Group, KOBE STEEL LTD, WireCo World Group Inc, JFE Steel Corporation, Nippon Steel Corporation
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The first step in the process is to process the raw metal material known as billets, which are created using the casting method. After being rolled using powerful machinery, the billets are then cooled down and coiled into various shapes and sizes in accordance with the needs or requirements of the various markets.
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