Indonesian Wire Rod Prices Hold
Wire rod prices remain flat as buyers avoid major mills, citing El Niño‑related disruptions and maintenance that delay January deliveries. The lack of new supply keeps prices firm.
Steel Wire Rod Price Trend Analysis 2026: Price Drivers, Supply Demand Analysis, Historical Prices, Latest News & Market Insights
Written ByPragati Agarwal
Steel Wire Rod Latest Development
Wire Rod Inventory Declines Sharply
Total wire rod stock fell by over 6 % week‑on‑week and nearly 29 % year‑on‑year, reflecting a tightening supply base. The drop in inventories signals upward pressure on prices.
Steel Wire Rod Latest Prices October 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Steel Wire Rod | China | FOB | USD 475.11/MT | October 2026 |
| Steel Wire Rod | India | FOB | USD 774.17/MT | October 2026 |
| Steel Wire Rod | USA | FOB | USD 1,601.03/MT | October 2026 |
| Steel Wire Rod | Germany | FOB | USD 793.50/MT | October 2026 |
| Steel Wire Rod | Australia | CIF | USD 571.72/MT | October 2026 |
| Steel Wire Rod | China | FOB | USD 475.11/MT | September 2026 |
| Steel Wire Rod | India | FOB | USD 733.63/MT | September 2026 |
| Steel Wire Rod | USA | FOB | USD 1,567.91/MT | September 2026 |
| Steel Wire Rod | Germany | FOB | USD 810.20/MT | September 2026 |
| Steel Wire Rod | Australia | CIF | USD 570.73/MT | September 2026 |
Stay updated with the latest Steel Wire Rod prices, historical data, and tailored regional analysis
Steel Wire Rod Price Trend Q3 2026
- Steel Wire Rod prices moved slightly higher in Q3 2026 in most markets, as trade barriers and lower output in the largest producer offset ample export supply.
- Billet and raw material costs stayed firm on high coking coal prices and mill maintenance, giving rod producers a stable cost base through the quarter.
- Demand from wire drawers, fastener makers and construction users recovered slowly after the summer, with pre-holiday restocking supporting orders in September.
Asia
In China, the average price of Steel Wire Rod increased from ~USD 468.00/MT (FOB) in July to ~USD 472.75/MT in August, showing a small rise. India moved the other way, with average export prices slipping about 1.2% from ~USD 694.58/MT (FOB) to ~USD 686.32/MT. Chinese long-product prices stayed near production cost, leaving mills little room to cut further, while lower crude steel output helped steady the market. However, exports of bars and similar long products rose 18.1% in August, adding competition in regional markets. Indian rod offers eased as domestic output grew 4.6% and Chinese material limited export demand. In September, holiday restocking and reduced hot metal output from mill maintenance supported Chinese values.
Europe
In Germany, Steel Wire Rod averaged approximately USD 808.10/MT (FOB) in July and climbed to about USD 819.30/MT in August, an increase of ~1.4%. The new EU import quota system, in effect from July, limited the flow of cheaper material into the region and gave local producers more pricing power. German steel consumption also improved during the summer, while lower EU crude steel output kept supply balanced. By September, producers pushed for higher prices for late Q4, citing high coking coal costs and tighter domestic availability.
North America
In the USA, average wire rod prices rose from nearly USD 1,556.86/MT (FOB) in July to roughly USD 1,567.91/MT in August. US prices remained far above other regions due to the 50% Section 232 tariff on imported steel, which kept most foreign material out. Domestic mills paused increases in early July after a long rally, then resumed raising spot offers in September. US crude steel output rose 3.0% in August, adding supply and keeping gains modest.
Analyst Insight
According to Procurement Resource, Steel Wire Rod prices are likely to stay firm as trade protection and restocking support demand, though strong Asian exports may limit increases.
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- Global steel wire rod prices in Q2’26 were mixed, shaped by export pressures, uneven downstream demand, and trade measures influencing regional supply-demand balances.
- Upstream steelmaking costs remained stable, while regional policy actions and trade flows shaped most of the price direction across markets.
- Demand from construction-linked fabrication and industrial wire applications stayed steady but lacked strong expansion momentum across major economies.
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.
About Steel Wire Rod
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.
Steel Wire Rod Product Detail
HS Code
7213
Industrial Uses
Automotive components, Welding electrodes, Cables and wires, Mesh and netting
Supplier Database
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
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
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.
Steel Wire Rod Production Processes
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.
Frequently Asked Questions
Global steel wire rod prices stayed mixed in Q1 2026, with feedstock and freight costs providing a floor while weak downstream demand capped any strong upward movement.
Steel wire rod prices are expected to stay steady to slightly firm, supported by feedstock and freight costs. Limited buying interest across construction and manufacturing sectors may continue to cap any strong price increase.
The steel wire rod supply chain begins with the mining of iron ore and coking coal, which are processed through blast furnaces or electric arc furnaces into crude steel, then rolled into wire rod at dedicated rolling mills. The finished product moves downstream to construction, wire drawing, fastener manufacturing, and engineering end-users across global markets.
Prices are influenced by iron ore and coking coal costs, energy and freight expenses, currency movements, geopolitical disruptions, trade tariffs, and construction demand cycles. Mill utilisation rates and shipping route disruptions further shape regional price dynamics.
Steel wire rod demand is driven by construction, wire drawing, fasteners, and engineering sectors. Weak construction activity across Asia and Europe in Q1 2026 kept consumption selective, limiting price recovery despite firm cost support.
Rising SHFE inventories and elevated mill stock levels signal weak offtake and pressure prices downward. In Q1 2026, inventory build-up in China amid slow construction demand kept mills from raising offers, reinforcing range-bound pricing.
China accounts for over half of global steel production, making its output levels, export volumes, and demand cycles a primary global price driver. Seasonal slowdowns and export competitiveness from Chinese mills directly shape pricing across Asia and the Middle East.
Procurement Resource analyses metal price trends using primary market research, trade data, supply-demand analysis, and feedstock tracking. The methodology also evaluates inventories, freight costs, and macroeconomic factors, supported by continuous market monitoring and cross-verification.
Our Price Analysis Methodology
About the Author
Pragati Agarwal
Senior Business Insights Analyst
Delivering price trend analysis and procurement market insights at Procurement Resource, with expertise in identifying commodity patterns, supporting purchasing strategies, and improving cost efficiency through actionable market intelligence.
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