The US Steel Wire Market to Begin Modest Growth

Basic Iron And Steel July 13, 2018
U.S. Steel Wire Market. Analysis And Forecast to 2025

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IndexBox has just published a new report "U.S. Steel Wire Market. Analysis And Forecast to •••". Here is a summary of the report’s key findings.

Market of Steel Wire Slightly Dropped over the Last Year

In 2016, in terms of wholesale prices, the market of steel wire stood at $•••. From 2008 to 2016, the U.S. steel wire market indicated a mixed trend pattern. It dropped by •••% to the bottom level of $••• followed by recovery over the next two years, however, it dropped again in 2012. Over the next four years the market stabilized, contracting slightly over the last year.

In the Medium Term, the US Steel Wire Market Is Expected to Begin Modest Growth

The automotive and metal product manufacturing industries, along with the construction sector, create most of the demand for steel wire. In the medium term, it is expected that an increase in business activity in the industrial and construction sectors of the US will contribute to the growth of the steel wire market. However, the U.S. steel wire market growth will restrain due to the more widespread use of alternative materials in the industries that previously used steel wire. 

Despite main constraints, domestic steel wire manufacturers are expected to cope with tough market conditions by improving operational efficiency and focusing on more on value-added products. The construction sector, which follows the overall economic recovery, continues to be one of the stable market segments. Pre-fabricated steel wire products such as reinforcement rebar grids for concrete are set to continue being in demand within the construction industry.

Construction industry in the U.S. continues to post robust gains, thereby constituting the main impetus to the steel wire market growth. Thus, the U.S. steel wire consumption is expected to begin a slight increase, rising by +•••% (currently -•••%) in the medium term.

Production of Steel Wire Failed to Recover

U.S. steel wire manufacturing was relatively stable from 2012 to 2016 with an overall marginal reduction. Despite a recovery from 2010-2011 after sharp fall in 2009, the U.S. steel wire manufacturers failed to reach the pre-recession production level achieved in 2008. In 2012, industry revenue dropped again and then remained relatively stable. 

Production of Steel Wire, Including Galvanized and Other Coated Wire Accounted for •••% of Total Output

Steel wire, including galvanized and other coated wire, made in plants that draw wire accounted for the highest share (•••% in 2016) of U.S steel wire manufacturing, followed by noninsulated ferrous wire rope, cable, and fabricated wire rope assemblies (including lifting slings), made in plants that draw wire (•••%), steel fencing and fence gates, made in plants that draw wire (•••%), steel nails, staples, tacks, spikes, and brads, made in plants that draw wire (•••%) and  ferrous wire cloth and other ferrous woven wire products, made in plants that draw wire (•••%).

The most notable decline in U.S steel wire manufacturing from 2008 to 2016 were attained by steel nails, staples, tacks, spikes, and brads, made in plants that draw wire (-•••% per year). This category remains the most pressured by imports. 

Canada and Mexico Were the Main Consumers of US Steel Wire Exports

The U.S. exported ••• tonnes or $••• of steel wire in 2016. A slump in 2009 was followed by an upward trend over the next two years, until the U.S. steel wire exports turned downward, declining steadily through to 2016. As for the exports in physical terms, they recorded similar dynamics over the period under review.

Canada (•••% based on tonnes) and Mexico (•••%) were the main destinations of U.S. steel wire exports in 2016. The share exported to Mexico increased (+••• percentage points), while the share sent to Canada reduced by ••• percentage point throughout the analyzed period.

China Softened Its Dominance in Terms of the U.S. Steel Wire Imports

The value of total U.S. steel wire imports totalled $••• in 2016. Despite a steady increase of imports in physical terms, it shrinked in terms of value in 2016 due to a decline in prices pressured by the previous downward trend of global steel prices. Intense competition from low-cost imports, particularly from China and Mexico, has increasingly constrained industry performance during this period. As a result, the share of imports in consumption has reached •••% in 2016. Foreign competition, particularly from emerging Asian markets, is expected to continue increasing through ••• on the backdrop of strong dollar and moderate growth of downstream industries.

China ($••• in 2016), Canada ($•••), the Republic of Korea ($•••), Mexico ($•••), Taiwan ($•••) and Japan ($•••) were the main suppliers of steel wire to the U.S., together making up •••% of U.S. imports. Taiwan (+•••% per year) was the fastest growing supplier from 2007 to 2016, while supplies from China and Canada decreased by -•••% per year and -•••% per year, respectively. Therefore, China saw its share reduced from •••% in 2007 to •••% in 2016, enabling other steel wire suppliers to increase their shares slightly.

Do you want to know more about the U.S. steel wire market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • steel wire market share
  • steel wire prices
  • steel wire industry
  • steel wire sales
  • steel wire import
  • steel wire export
  • steel wire market forecast
  • steel wire price forecast

Source: U.S. Steel Wire Market. Analysis And Forecast to •••

Product coverage:
Noninsulated ferrous wire rope, cable, and fabricated wire rope assemblies (including lifting slings), made in plants that draw wire; Steel nails, staples, tacks, spikes, and brads, made in plants that draw wire; Steel wire, including galvanized and other coated wire, made in plants that draw wire; Steel fencing and fence gates, made in plants that draw wire; Ferrous wire cloth and other ferrous woven wire products, made in plants that draw wire; Other ferrous wire products (excluding springs), made in plants that draw wire; Steel wire drawing, nsk, total

The report provides on a comprehensive study of the U.S. steel wire market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains current data on the major players in the industry.

Countries coverage: the U.S.

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

Data coverage:
• Steel wire market size;
• Steel wire production, value of shipments;
• Key market players and their profiles;
• Exports, imports and trade balance;
• Import and export prices;
• Forecast of the market dynamics in the medium term;
• Key industry statistics;
• Life cycle of the steel wire industry;
• Number of establishments and their locations;
• Employment data;
• Steel wire industry productivity.

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

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A QUICK OVERVIEW OF MARKET PERFORMANCE
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
UNDERSTANDING THE CURRENT STATE OF THE MARKET AND ITS PROSPECTS
3.1 MARKET SIZE
3.2 MARKET STRUCTURE
3.3 TRADE BALANCE
3.4 PER CAPITA CONSUMPTION
3.5 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
FINDING NEW PRODUCTS TO DIVERSIFY YOUR BUSINESS
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS WORLDWIDE
4.3 MOST CONSUMED PRODUCT WORLDWIDE
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
CHOOSING THE BEST COUNTRIES TO ESTABLISH YOUR SUSTAINABLE SUPPLY CHAIN
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 TOP EXPORTING COUNTRIES
5.4 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
CHOOSING THE BEST COUNTRIES TO BOOST YOUR EXPORTS
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. PRODUCTION
THE LATEST TRENDS AND INSIGHTS INTO THE INDUSTRY
7.1 PRODUCTION VOLUME AND VALUE

8. IMPORTS
THE LARGEST IMPORTERS ON THE MARKET AND HOW THEY SUCCEED
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. EXPORTS
THE LARGEST EXPORTERS ON THE MARKET AND HOW THEY SUCCEED
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
THE LARGEST PRODUCERS ON THE MARKET AND THEIR PROFILES
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption In 2007-2017
Table 5: Imports, In Physical Terms, By Country, 2007–2017
Table 6: Imports, In Value Terms, By Country, 2007–2017
Table 7: Import Prices, By Country Of Origin, 2007–2017
Table 8: Exports, In Physical Terms, By Country, 2007–2017
Table 9: Exports, In Value Terms, By Country, 2007–2017
Table 10: Export Prices, By Country Of Destination, 2007–2017

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Market Structure – Domestic Supply Vs. Imports, In Physical Terms, 2007-2017
Figure 4: Market Structure – Domestic Supply Vs. Imports, In Value Terms, 2007-2017
Figure 5: Trade Balance, In Physical Terms, 2007-2017
Figure 6: Trade Balance, In Value Terms, 2007-2017
Figure 7: Per Capita Consumption, 2007-2017
Figure 8: Market Forecast To 2025
Figure 9: Products: Market Size And Growth, By Type
Figure 10: Products: Average Per Capita Consumption, By Type
Figure 11: Products: Exports And Growth, By Type
Figure 12: Products: Export Prices And Growth, By Type
Figure 13: Production Volume And Growth
Figure 14: Exports And Growth
Figure 15: Export Prices And Growth
Figure 16: Market Size And Growth
Figure 17: Per Capita Consumption
Figure 18: Imports And Growth
Figure 19: Import Prices
Figure 20: Production, In Physical Terms, 2007–2017
Figure 21: Production, In Value Terms, 2007–2017
Figure 22: Imports, In Physical Terms, 2007–2017
Figure 23: Imports, In Value Terms, 2007–2017
Figure 24: Imports, In Physical Terms, By Country, 2017
Figure 25: Imports, In Physical Terms, By Country, 2007–2017
Figure 26: Imports, In Value Terms, By Country, 2007–2017
Figure 27: Import Prices, By Country Of Origin, 2007–2017
Figure 28: Exports, In Physical Terms, 2007–2017
Figure 29: Exports, In Value Terms, 2007–2017
Figure 30: Exports, In Physical Terms, By Country, 2017
Figure 31: Exports, In Physical Terms, By Country, 2007–2017
Figure 32: Exports, In Value Terms, By Country, 2007–2017
Figure 33: Export Prices, By Country Of Destination, 2007–2017