Steel Wire Rod Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Steel Wire Rod Price Trend, Index and Forecast
Track real-time and historical steel wire rod prices across global regions. Updated monthly with market insights, drivers, and forecasts.
Steel Wire Rod Prices October 2025
| Region | Price (USD/Kg) | Latest Movement |
|---|---|---|
| Northeast Asia | 0.46 | -3.3% ↓ Down |
| Europe | 0.70 | -4.4% ↓ Down |
| India | 0.52 | -2.1% ↓ Down |
| North America | 1.43 | 1.4% ↑ Up |
Steel Wire Rod Price Index (USD/KG):
The chart below highlights monthly steel wire rod prices across different regions.
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Market Overview Q3 Ending September 2025
Northeast Asia: In Northeast Asia, steel wire rod prices saw a mild upward movement as stable construction activity supported steady demand. Moderate raw material cost pressures from iron ore and scrap markets, along with consistent production rates, contributed to balanced supply conditions. Export opportunities to Southeast Asia also played a role in sustaining momentum. The steel wire rod price index reflected steady procurement by downstream industries, particularly in infrastructure projects, while limited oversupply prevented significant downward pressure.
Europe: In Europe, steel wire rod prices edged upward due to firm demand from the automotive and construction sectors. Rising energy costs contributed modestly to production expenses, influencing the slight increase. Import competition remained subdued as regional buyers preferred local suppliers, which supported domestic market strength. The steel wire rod price index reflected stable downstream consumption in mechanical engineering applications, while inventory management strategies among mills ensured controlled availability. This balance between supply and demand underpinned the marginal price rise observed this quarter.
India: In India, steel wire rod prices declined due to weaker seasonal construction demand and sluggish activity in the infrastructure sector. High domestic production levels created an oversupply situation, pressuring market fundamentals. Export demand was limited, reducing opportunities for balancing excess inventory. The steel wire rod price index highlighted restrained procurement by downstream manufacturers, while falling scrap prices further weighed on sentiment. As a result, mills faced tighter margins, reflecting the sharpest movement among the major markets this quarter.
North America: In North America, steel wire rod prices registered a slight increase supported by consistent demand from construction and manufacturing sectors. Higher domestic consumption in non-residential projects helped stabilize procurement activity. Although raw material costs remained steady, the steel wire rod price index gained momentum due to reduced imports and tighter availability from mills. Downstream industries such as automotive and fasteners sustained their offtake, reinforcing the modest price rise. This ensured market stability despite seasonal fluctuations in procurement patterns.
Steel Wire Rod Price Trend, Market Analysis, and News
IMARC's latest publication, “Steel Wire Rod Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the steel wire rod market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of steel wire rod at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed steel wire rod prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting steel wire rod pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Steel Wire Rod Industry Analysis
The global steel wire rod industry size reached USD 113.47 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 162.90 Billion, at a projected CAGR of 3.90% during 2025-2033. Growth is driven by strong demand from construction, automotive, and manufacturing industries, coupled with advancements in infrastructure projects and rising applications in fasteners, wire drawing, and reinforcement products. Increasing urbanization and industrialization across emerging economies further strengthen the long-term market outlook.
Latest developments in the Steel Wire Rod Industry:
- March 2025: ArcelorMittal-Nippon Steel India secured land in Andhra Pradesh to build an integrated steel plant with an initial capacity of 7.3 MTPA, strengthening its position in the steel wire rod market.
- March 2023: Bhilai Steel Plant (BSP) located in Chhattisgarh, a subsidiary of the state-owned Steel Authority of India Limited (SAIL), was authorized to manufacture a comprehensive range of IS 7904 Grade steel wire rods. IS 7904 constitutes the Bureau of Indian Standards (BIS) requirement for High Carbon Steel Wire Rods, and BSP is allowed to manufacture high-carbon wire rods using its Wire Rod Mill (WRM) with the grant of this license.
Product Description
Steel wire rod is a semi-finished rolled steel product produced in coils, typically with diameters ranging from 5.5 mm to 14 mm. It is manufactured primarily from carbon steel, alloy steel, or stainless steel, depending on end-use applications. Known for its excellent ductility, weldability, and tensile strength, steel wire rod serves as the primary feedstock for wire drawing processes. It is widely used in the production of construction reinforcement bars, automotive components, fasteners, springs, welding electrodes, and wire meshes. Industrial applications also extend to electrical wiring, fencing, and cables. Its versatility, combined with cost-effectiveness and adaptability to multiple grades, makes it indispensable to numerous downstream industries globally.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Steel Wire Rod |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Steel Wire Rod Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of steel wire rod pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting steel wire rod price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The steel wire rod price charts ensure our clients remain at the forefront of the industry.
Key Questions Answered in This Report
The steel wire rod prices in October 2025 were 0.46 USD/KG in Northeast Asia, 0.70 USD/KG in Europe, 0.52 USD/KG in India, and 1.43 USD/KG in North America.
The steel wire rod pricing data is updated on a monthly basis.
We provide the pricing data primarily in the form of an Excel sheet and a PDF.
Yes, our report includes a forecast for steel wire rod prices.
The regions covered include North America, Europe, Asia Pacific, Middle East, and Latin America. Countries can be customized based on the request (additional charges may be applicable).
Yes, we provide both FOB and CIF prices in our report.
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