Global Steel Wire Rod Market, By Composition (Carbon, Alloy, Stainless Steel Wire), By Type (6mm, 8m

Published Date: | Report Code : MT1919008


Steel Wire Rod is a semi-finished product, which is rolled from steel billet and used for the manufacturing of wire. This wire rod is then formed into coils. The coils are secured either by tying with a wire or using a strapping band. They are normally sold in a rolled condition. The user may prepare the wire rods for further processing by cleaning & coating, or by heating.

Market drivers such as increased industrialization in developing nations, capacity expansion of steel manufactures, etc., have fueled the growth of the steel wire rod market. 

Key Factors Impacting Market Growth:

  • Volatile commodity prices affecting product pricing
  • Growing demand in developing nations
  • Increase in industrial infrastructure
  • Market consolidation

Regional Analysis:

The steel wire rod market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the steel wire rod market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include oil & gas, mining, building & construction, marine, automobile, and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for steel wire rod market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.

Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Automobile, Mining Building & Construction, Marine, Oil & Gas and others are some of the major industries in the region with strong potential for the steel wire rod market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets with demand from automobile, mining building & construction, marine, oil & gas.

Companies Covered: ArcelorMittal, China Baowu Steel Group, NSSMC, HBIS Group, POSCO, Shagang Group, Ansteel, JFE Holdings, and Tata Steel… 

Market Segmentation:

By Composition:

  • Carbon Steel Wire
  • Alloy Steel Wire
  • Stainless Steel Wire

By Type:

  • 6mm
  • 8mm
  • 10mm
  • Others

By Application:

  • Elevator
  • Port Cranes
  • Mechanical Equipment
  • Automotive Components 

By End-Use Industry:

  • Oil & Gas
  • Mining
  • Building & Construction
  • Marine
  • Automobile

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Composition
    • By Type
    • By Application
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Composition
    • By Type
    • By Application
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Composition
    • By Type
    • By Application
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Composition
    • By Type
    • By Application
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Composition
    • By Type
    • By Application
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Composition
    • By Type
    • By Application
    • By End-Use Industry

Reasons To Buy This Report:

  • Market size estimation of the steel wire rod market on regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


We provide customization of the study to meet specific requirements:

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  • By Region/Country

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