Steel Wire Rod Price Trend, Historical Chart, Commodity Prices and Forecast

North America Steel Wire Rod Prices Movement Q4:

Steel Wire Rod Prices in United States:

In Q4 2024, steel wire rod prices in the U.S. fell to 1120 USD/MT in December due to weak demand, oversupply, and rising imports. The slow recovery in the industrial and construction sectors limited demand growth, while higher imports pushed domestic inventory levels upward. Persistent structural imbalances and notable price fluctuations further contributed to the market's instability.

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Note: The analysis can be tailored to align with the customer's specific needs.

APAC Steel Wire Rod Prices Movement Q4:

Steel Wire Rod Prices in China:

In Q4 2024, steel wire rod prices in China dropped to 530 USD/MT in December due to weak demand, seasonal slowdowns, and reduced export activity. Lower orders from the manufacturing sector further pressured market sentiment, while rising input costs accelerated the downward pricing trend. Additionally, supply chain disruptions and economic instability added to the market's challenges.

Regional Analysis: The price analysis can be extended to provide detailed Steel Wire Rod price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Europe Steel Wire Rod Prices Movement Q4:

Steel Wire Rod Prices in Germany:

In Q4 2024, steel wire rod prices in Germany fluctuated, reaching 650 USD/MT in December. Weak demand, particularly in the construction sector, and high borrowing rates hindered consumption growth. Additionally, an influx of lower-cost steel imports worsened oversupply issues, contributing to market instability. Addressing structural imbalances and adapting to regulatory changes will be crucial for long-term stability.

Regional Analysis: The price analysis can be expanded to include detailed Steel Wire Rod price data for a wide range of European countries, such as Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece, along with other European nations.

Factors Affecting Steel Wire Rod Supply and Prices

Steel wire rod supply and pricing are driven by raw material costs, energy expenses, and production capacity. Demand from construction and automotive industries significantly affects market trends. Additionally, global trade policies, supply chain disruptions, geopolitical events, and seasonal fluctuations influence availability, pricing dynamics, and overall market stability.

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Key Coverage:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
o Spot Prices by Major Ports
o Price Breakup
o Price Trends by Region
o Factors influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

How IMARC Pricing Database Can Help

The latest IMARC Group study, "Steel Wire Rod Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2025 Edition," presents a detailed analysis of Steel Wire Rod price trend, offering key insights into global Steel Wire Rod market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Steel Wire Rod demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

About Us:
IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC's data-driven approach helps businesses navigate complex markets with precision and confidence.

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This release was published on openPR.