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 (%) |
|---|---|---|
| 25/02/2026 | 482.50 USD | 0.52 |
| 24/02/2026 | 480.00 USD | 0.0 |
| 23/02/2026 | 480.00 USD | 0.0 |
| 22/02/2026 | 480.00 USD | 0.0 |
| 21/02/2026 | 480.00 USD | 0.0 |
| 20/02/2026 | 480.00 USD | 0.0 |
Wire Rod Market Updates
Weekly Wire Rod Prices
| Week / Year | Avg. Price | Change (%) |
|---|---|---|
| W12/2026 |  |
0 |
| W11/2026 | |
0 |
| W10/2026 | |
|
| W9/2026 | |
|
| W8/2026 | |
1.23 |
Wire Rod Price Index
| Week | Avg | Change (%) |
|---|---|---|
| 09/02/2026 | |
0.000 |
| 23/02/2026 | |
0.530 |
| 02/03/2026 | |
0.520 |
| 09/03/2026 | |
0.510 |
| 16/03/2026 | |
2.580 |
Global Wire Rod Market Overview
Wire rod is a finished long steel product primarily used in downstream applications such as welded mesh, nails, fasteners, drawn wire, and prestressed concrete reinforcement. Its demand structure combines both construction-related consumption and industrial manufacturing, making pricing sensitive to a wider set of end-use sectors compared with rebar.
The global price discovery mechanism is largely centered on FOB China and FOB Turkey export benchmarks, while US import prices reflect delivered-cost competitiveness and regional premium conditions. Wire rod pricing also correlates strongly with melted billet costs, mill margins, and international scrap-based cost structures.
Annual Wire Rod Price Trends (2019-2024)
Average Annual Prices
| 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 |
| 2024 | $ 589.8 | $ 603.6 | $ 544.4 |
Core Drivers of Wire Rod Pricing
- Billet Cost Structure – Wire rod pricing moves closely with billet costs, especially in EAF-based markets.
- Scrap Market Volatility – Higher scrap import costs increase wire rod production floors.
- Industrial & Construction Demand – Consumption linked to fasteners, mesh, drawn wire, infrastructure projects.
- Energy & Melting Costs – Electricity and natural gas strongly influence wire rod mill margins.
- Export Market Competitiveness – Turkey and China compete for market share in MENA and Asia.
- Freight & Logistics Pricing – Delivered-cost dynamics define regional buying preferences.
- Trade Policy & Protection Measures – Tariffs in the US and other regions support price premiums.
Regional Market Dynamics
China - Competitive Export Basin
China remains a key origin for wire rod exports, with pricing reflecting regional billet availability and industrial demand trends. Competitive FOB levels enable flexible supply into Asia and select global destinations, making China a crucial indicator for global wire rod sentiment.
Turkey - Scrap-Based Price Benchmark
Turkey plays a central role in global price formation as a major wire rod exporter operating under EAF cost structures. Export competitiveness is closely tied to scrap procurement costs and access to traditional MENA markets, where demand strength can directly influence FOB Turkey offers.
United States - Premium Market Structure
The US wire rod market trades at a persistent premium due to transportation costs, local supply balance, and import barriers. CFR US Gulf pricing reflects delivered-cost competitiveness and ongoing regulatory measures shaping market access for foreign suppliers.
Billet-to-Wire Rod Supply Chain Link
Cost Transmission: Wire rod prices typically reflect billet costs + rolling margin, with tight spreads when competition intensifies in export markets.
Production Flexibility: Mills can adjust rolling programs between rebar and wire rod, allowing producers to shift tonnage depending on margin opportunities.
Market Correlation: Strong billet demand and higher scrap-based melt costs generally support firmer wire rod prices, particularly in EAF-dominant supply regions.
Result: Wire rod pricing follows a cyclical pattern tied to billet volatility, industrial demand cycles, and mill profitability strategies.