| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Steel Wire Rod | China | FOB | USD 475.11/MT | April 2026 |
| Steel Wire Rod | India | FOB | USD 768.01/MT | April 2026 |
| Steel Wire Rod | USA | FOB | USD 1,556.86/MT | April 2026 |
| Steel Wire Rod | Germany | FOB | USD 800.19/MT | April 2026 |
| Steel Wire Rod | Australia | CIF | USD 513.11/MT | April 2026 |
| Steel Wire Rod | China | FOB | USD 490.00/MT | March 2026 |
| Steel Wire Rod | India | FOB | USD 748.03/MT | March 2026 |
| Steel Wire Rod | USA | FOB | USD 1,554.26/MT | March 2026 |
| Steel Wire Rod | Germany | FOB | USD 718.88/MT | March 2026 |
Stay updated with the latest steel wire rod prices, historical data, and tailored regional analysis
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.
Analyst Insight
According to Procurement Resource, in the near term, steel wire rod prices are expected to stay steady to slightly firm, supported by feedstock and freight costs, though limited buying interest may continue to cap any strong increase.
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Asia
in China, the steel wire rod prices exhibited volatility throughout the third quarter of 2024. Initially, steel wire rod prices rose in early July due to imbalances in supply and demand, compounded by supply constraints linked to Indonesia's nickel ore export restrictions. However, by mid-August, prices dropped significantly due to weak demand from the construction sector, customs inspections disrupting shipments, and low-priced non-VAT offers.
A decline in property investment and construction activity exacerbated the market’s weakness, while new steel quality standards posed additional supply-side challenges. Despite these pressures, the market retained some optimism that further price declines would be limited.
Europe
In Germany, the market displayed mixed trends. Initially, prices increased due to limited supply and rising demand from the automotive sector and government contracts, such as significant defence orders from the German Ministry of Defence. However, as the weeks progressed, weak demand, particularly from the automotive industry, caused slight price declines by mid-August. Oversupply and reduced order volumes from mills, along with competition from Turkish producers, further pressured prices. Despite these challenges, elevated production costs and stable downstream consumption patterns sustained the market’s overall stability.
North America
In the USA, prices experienced a gradual decline, driven by weak demand, particularly from the automotive and housing sectors, as well as oversupply. Factors such as economic uncertainties, subdued business activity, and a dip in vehicle sales contributed to the bearish market sentiment. Despite this, US mills maintained their base prices, leveraging shorter lead times and controlling capacity to balance market pressures. However, the housing market faced challenges due to elevated borrowing costs, which directly impacted steel wire rod consumption.
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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