Press release
Steel Wire Rod and Wire Market is expected to reach USD 269.5 billion by 2031 | Major Companies - ArcelorMittal, Nippon Steel Corporation, Emirates Steel, Kobe Steel Ltd.
Steel Wire Rod and Wire Market
The Global Steel Wire Rod and Wire Market size reached USD 174.5 billion in 2022 and is expected to reach USD 269.5 billion by 2031, growing with a CAGR of 5.6% during the forecast period 2024-2031.
The Steel Wire Rod and Wire Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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The Steel Wire Rod and Wire Market encompasses the production, distribution, and sale of steel wire rods and wires used in construction, automotive, manufacturing, and electrical industries. It includes various grades, sizes, and coatings of steel, catering to demand for strength, flexibility, and durability in applications such as reinforcement, fasteners, cables, and industrial machinery components.
Recent Key Developments of United States:
✅ December 2025: Steel exports from the U.S. saw a slight uptick, driven by wire rod applications in energy transmission projects supporting renewable grid expansions.
✅ November 2025: Market prices stabilized following supply chain adjustments, with import tariffs helping balance domestic supply and demand for construction-grade wire rods.
✅ October 2025: U.S. manufacturers increased production capacity for high-carbon wire rods to meet rising automotive sector demand, focusing on tire cord and suspension components amid infrastructure spending.
Recent Key Developments of Japan:
✅ January 2026: Advanced precision wire drawing technologies advanced, boosting high-performance steel wires for renewable energy transmission and automotive integration.
✅ December 2025: Steel exports declined 3.8% year-over-year through November, prompting investments in eco-friendly wire rod production for EV components and smart city infrastructure.
✅ November 2025: Japanese producers offered discounts on wire rods amid weak domestic demand and import competition, prioritizing order security in automotive and machinery segments.
List of the Key Players in the Steel Wire Rod and Wire Market:
ArcelorMittal
Nippon Steel Corporation
Emirates Steel
Hebei Sakaguchi Stainless Steel
Ivaco Rolling Mills
Kobe Steel Ltd.
JFE Steel Corporation
EVRAZ
Fagersta Stainless
Tata Steel Limited
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This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
Segments Covered in the Steel Wire Rod and Wire Market:
By Product: Steel Wire Rod (6mm, 8mm, 10mm, Above 10mm), Steel Wire (0.01-0.08mm, 0.09-1.6mm, 1.7-4mm, Above 4mm).
By Material: Carbon Steel (Steel Wire Rod, Steel Wire), Alloy Steel (Steel Wire Rod, Steel Wire), Stainless Steel (Steel Wire Rod, Steel Wire), Others (Steel Wire Rod, Steel Wire).
By Distribution Channel: B2B (Steel Wire Rod, Steel Wire), B2C (Steel Wire Rod, Steel Wire).
By Application: Construction (Steel Wire Rod, Steel Wire), Automotive (Steel Wire Rod, Steel Wire), Energy & Power (Steel Wire Rod, Steel Wire), Industrial (Steel Wire Rod, Steel Wire), Agriculture (Steel Wire Rod, Steel Wire, Others (Steel Wire Rod, Steel Wire).
Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Chapter Outline
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Steel Wire Rod and Wire market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Steel Wire Rod and Wire Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The Global Steel Wire Rod and Wire market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Steel Wire Rod and Wire Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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People Also Ask:
◆ How big is the Steel Wire Rod and Wire Market in 2025?
◆ What is the projected growth rate of the Steel Wire Rod and Wire Market through 2033?
◆ Who are the key players in the Steel Wire Rod and Wire Market?
◆ Which region is expected to dominate the industry during the forecast period?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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The global steel wire rod and wire market was valued at USD 174.5 billion in 2022 and is projected to rise at a compound annual growth rate (CAGR) of 5.6% to reach USD 269.5 billion by 2030.
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