Report Update: May 1, 2025

U.S. - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights

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Iron and Steel Wire Prices in the United States

U.S. Iron and Steel Wire Import Price per Ton in June 2022

In June 2022, the iron and steel wire price per ton stood at $2.1K (CIF, US), remaining relatively unchanged against the previous month. Over the period from January 2022 to June 2022, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 5.4% m-o-m. As a result, import price reached the peak level of $2.1K per ton, leveling off in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6.6K per ton), while the price for Vietnam ($1.7K per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Iron and Steel Wire Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In July 2022, the product with the highest price was stainless steel wire ($6.1K per ton), while the price for iron or non-alloy steel wire, not plated or coated ($1.6K per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by iron or non-alloy steel wire, plated or coated other than with base metals (+3.1%), while the prices for the other products experienced more modest paces of growth.

U.S. Iron and Steel Wire Imports

In July 2022, approximately 60K tons of iron and steel wire were imported into the United States; approximately equating June 2022 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 with an increase of 11% month-to-month. As a result, imports attained the peak of 66K tons. From April 2022 to July 2022, the growth of imports remained at a lower figure.

In value terms, iron and steel wire imports reached $126M (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +1.3% over the period from January 2022 to July 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2022 when imports increased by 13% m-o-m.

U.S. Iron and Steel Wire Imports by Type

Iron or non-alloy steel wire, not plated or coated (23K tons), iron or non-alloy steel wire, plated or coated with zinc (14K tons) and steel alloy wire of materials other than silico-manganese steel (7.2K tons) were the main products of iron and steel wire imports to the United States, with a combined 74% share of total imports. Steel alloy wire of silico-manganese steel, stainless steel wire, iron or non-alloy steel wire, plated or coated with non-zinc base metals and iron or non-alloy steel wire, plated or coated other than with base metals lagged somewhat behind, together comprising a further 26%.

From January 2022 to July 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by iron or non-alloy steel wire, plated or coated other than with base metals (with a CAGR of +3.6%), while imports for the other products experienced more modest paces of growth.

In value terms, iron or non-alloy steel wire, not plated or coated ($37M), stainless steel wire ($27M) and iron or non-alloy steel wire, plated or coated with zinc ($23M) were the most imported types of iron and steel wire in the United States, with a combined 69% share of total imports. These products were followed by steel alloy wire of materials other than silico-manganese steel, steel alloy wire of silico-manganese steel, iron or non-alloy steel wire, plated or coated with non-zinc base metals and iron or non-alloy steel wire, plated or coated other than with base metals, which together accounted for a further 31%.

U.S. Iron and Steel Wire Imports by Country

Mexico (8.9K tons), Canada (7.9K tons) and China (7.7K tons) were the main suppliers of iron and steel wire imports to the United States, with a combined 41% share of total imports.

From January 2022 to June 2022, the biggest increases were in China (with a CAGR of +6.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire suppliers to the United States were Canada ($27M), Mexico ($27M) and China ($16M), with a combined 56% share of total imports. These countries were followed by South Korea, India, Germany, Japan, Vietnam, Italy, Taiwan (Chinese) and the United Arab Emirates, which together accounted for a further 35%.

Germany, with a CAGR of +5.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron and steel wire in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024