Wire Rod Prices, News and Analysis
SteelOrbis is the primary information source preferred by thousands of firms for its up-to-date wire rod prices, wire rod market analyses and news, as it closely follows the main wire rod markets such as Turkey, the US, China, Brazil and Italy. Used as a reference by key market players and accepted as the best in its field, the SteelOrbis Wire Rod Prices page allows you to take a major step forward in your trading activities.
Daily Wire Rod Prices
| Date | Avg. Price | Change (%) |
|---|---|---|
| 28/11/2024 |  |
0.0 |
| 27/11/2024 | |
0.0 |
| 26/11/2024 | |
0.0 |
| 25/11/2024 | |
0.0 |
| 24/11/2024 | |
0.0 |
| 23/11/2024 | |
0.0 |
Wire Rod Price Analysis
Wire Rod News
Weekly Wire Rod Prices
Wire Rod Price Index
| Week | Avg | Change (%) |
|---|---|---|
| 21/10/2024 | |
-0.510 |
| 28/10/2024 | |
0.510 |
| 04/11/2024 | |
0.000 |
| 11/11/2024 | |
-2.020 |
| 18/11/2024 | |
-1.020 |
Wire Rod Prices
Wire rod is a steel product which is mostly used in construction but also has other applications depending on the qualite. Although wire rod is sometimes called a semi-finished material, it is actually finished for steel manufacturers. Wire rod products may vary in terms of prices, quality and can be used in different areas of the construction segment. When producing wire rod, the steelmaking process is similar to advanced manufacture of other steel based products. In the global steel market, there are plenty of manufacturing countries which offer various wire rod prices for different qualities. Some of those countries are China, Turkey, India, the US and the members of the EU and the CIS states. There are different types of wire rods that are simply produced for multiple usage areas. Producing the wire rod involves the processing of steel billets and the diameter of wire rod usually varies in the range of 5-20 mm.
Annual Wire Rod Price Chart
| Year | Wire Rod Mesh ($/mt FOB China) | Wire Rod Mesh ($/mt FOB Turkey) | Wire Rod Mesh, ($/mt CFR FO USG) |
| 2019 | $ 494.2 | $ 491.5 | $ 586.3 |
| 2020 | $ 493.8 | $ 493 | $ 514.6 |
| 2021 | $ 788.7 | $ 785.8 | $ 819 |
| 2022 | $ 687.4 | $ 788.3 | $ 809.1 |
| 2023 | $ 554.8 | $ 646.2 | $ 671.7 |
Today Wire Rod Prices
Steel based materials have a wide range of products including wire rods. Wire rod is usually included in a longs product group along with the reinforcing bars. While the usage area of wire rods is wide, there is also high wire rod demands in the global market in terms of construction activities. Wire rod prices today change depending on the market demands, the volume of supply, quality variables and production process. The volume of wire rod supply in the market is based on the producers’ capacities to manufacture the product. When some manufacturers increase diversity of wire rod, they are able to meet most of the demands of the market and ensure growth of market share. Characteristics of wire rod such as high quality and wide utilization area provide some advantages to investors as well as supporting the building of highly resistant constructions. In addition to the quality of wire rods, it is important to consider safety, nominal diameters and shapes of wire rod products. Each producer and buyer needs to evaluate the investment risks and profits in terms of global wire rod business. This is usually achieved through following the updated wire rod prices, indexes which reflect the market trends and movements in the wire rod trade worldwide.
Wire Rod Index
In the global steel market, there are multiple tools used by the companies and steel producers for forecasting profits and investment values. Indexes are considered as one of the most important forecasting tools for those who want to track motion of steel wire rod trades. Most wire rod indexes include tables of daily wire rod prices, price analysis, the most recent updates along with import and export statistics on wire rod prices. Besides, it is possible to track the price trends in various time frames. Market demand for wire rod is dependent on the product amounts, needed for the ongoing and future construction processes and is also directly affected by the buyers’ import and producers’ export activities. In order to benefit from the best offerings and opportunities in the global market, wire rod indexes should be evaluated well.