U.S. Steel Wire Market. Analysis And Forecast to 2030
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSteel Wire Price in U.S. Rises for Four Consecutive Months, Peaking at $2.0K per Ton
U.S. Steel Wire Import Price per Ton in August 2022
In August 2022, the steel wire price per ton amounted to $2.0K (CIF, US), stabilizing at the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 5% month-to-month. The import price peaked in August 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3.5K per ton), while the price for Mexico ($1.5K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Steel Wire Imports
In August 2022, supplies from abroad of steel wire increased by 6.4% to 151K tons for the first time since May 2022, thus ending a two-month declining trend. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 with an increase of 13% m-o-m.
In value terms, steel wire imports expanded significantly to $295M (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +2.0% from January 2022 to August 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in March 2022 when imports increased by 18% month-to-month.
U.S. Steel Wire Imports by Country
China (34K tons), Mexico (27K tons) and Canada (13K tons) were the main suppliers of steel wire imports to the United States, together accounting for 49% of total imports. These countries were followed by South Korea, Oman, Thailand, Vietnam, Malaysia, India, Taiwan (Chinese), Turkey, Sri Lanka, Germany and Japan, which together accounted for a further 40%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +10.4%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($51M), Mexico ($40M) and Canada ($31M) constituted the largest steel wire suppliers to the United States, with a combined 41% share of total imports. South Korea, Oman, India, Taiwan (Chinese), Thailand, Vietnam, Malaysia, Turkey, Germany, Japan and Sri Lanka lagged somewhat behind, together accounting for a further 44%.
Among the main suppliers, Malaysia, with a CAGR of +10.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the steel wire market 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:
- NAICS 3311109 - Steel wire, including galvanized and other coated wire, made in steel mills producing wire rods or hot rolled bars
- NAICS 331222 - Steel wire drawing
Companies mentioned:
- Fort Wayne Metals Research Products Corp
- Bekaert Corporation
- Master-Halco, Gafp
- Insteel Industries
- Taubensee Steel & Wire Company
- The Heico Companies L L C
- Suncoast Post-Tension
- Southwestern Wire
- Draka Elevator Products
- Zapp Precision Wire
- Tappan Wire & Cable Inc.
- Tokusen U.S.A., Hamrock
- Davis Wire Corporation
- Laclede Chain Manufacturing Company
- National-Standard
- Owl Wire & Cable
- Barrette Outdoor Living
- Loos & Co.
- Mount Joy Wire Corporation
- Central Wire
- Tree Island Wire (usa)
- American Manufacturing
- United Wire Hanger Corp
- Bekaert North America Management Corporation
- Insteel Wire Products Company
- National Material Company
- The Gehr Group
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
