U.S. - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in the United States - 2023
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in the United States (CIF) - 2023
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in the United States (FOB) - 2023
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in the United States
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in the United States
Price for Hot-Rolled Non-Alloy Steel Wire Rod in the United States (CIF) - 2023
The average import price for hot-rolled non-alloy steel wire rods stood at $895 per ton in August 2023, with a decrease of -5.8% against the previous month. In general, the import price continues to indicate a pronounced decrease. The growth pace was the most rapid in March 2023 an increase of 12% against the previous month. Over the period under review, average import prices reached the maximum at $1,214 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($1,317 per ton), while the price for Egypt ($566 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Algeria (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in the United States (FOB) - 2023
The average export price for hot-rolled non-alloy steel wire rods stood at $1,202 per ton in August 2023, with an increase of 11% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average export price increased by 62% month-to-month. As a result, the export price attained the peak level of $1,973 per ton. From July 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($1,357 per ton), while the average price for exports to Bahamas ($677 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.1%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in the United States
Hot-rolled non-alloy steel wire rod imports into the United States surged to 1.2M tons in 2022, growing by 25% against the previous year. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 70%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, hot-rolled non-alloy steel wire rod imports surged to $1.2B in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 122% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Hot-Rolled Non-Alloy Steel Wire Rod in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 165 | 160 | 280 | 302 | 22.3% |
| Japan | 133 | 67.4 | 89.5 | 153 | 4.8% |
| Mexico | 9.1 | 16.9 | 60.7 | 136 | 146.3% |
| Brazil | 86.5 | 55.7 | 81.2 | 120 | 11.5% |
| India | 6.2 | N/A | 27.1 | 110 | 160.8% |
| Malaysia | 24.4 | N/A | N/A | 87.6 | 53.1% |
| Algeria | N/A | N/A | 39.5 | 75.9 | 92.2% |
| Germany | 76.0 | 39.8 | 52.7 | 71.8 | -1.9% |
| South Korea | 22.1 | 17.1 | 40.2 | 52.3 | 33.3% |
| Egypt | 26.0 | 3.2 | 97.3 | 51.9 | 25.9% |
| France | 31.2 | 12.9 | 44.0 | 42.6 | 10.9% |
| Spain | 17.0 | 6.6 | 10.2 | 12.9 | -8.8% |
| Others | 71.0 | 3.9 | 27.2 | 31.8 | -23.5% |
| Total | 667 | 383 | 850 | 1,247 | 23.2% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to the United States in 2022:
- Canada (242.3K tons)
- Mexico (143.7K tons)
- Japan (138.0K tons)
- India (135.1K tons)
- Malaysia (115.1K tons)
- Brazil (101.6K tons)
- Algeria (98.1K tons)
- Egypt (59.8K tons)
- Germany (54.7K tons)
- South Korea (52.1K tons)
- France (30.4K tons)
- Spain (10.0K tons)
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in the United States
In 2022, shipments abroad of hot-rolled non-alloy steel wire rods decreased by -8.3% to 90K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 8.1%.
In value terms, hot-rolled non-alloy steel wire rod exports expanded significantly to $106M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 32.7 | 42.4 | 65.5 | 58.0 | 21.0% |
| Dominican Republic | 19.4 | 15.1 | 8.0 | 16.3 | -5.6% |
| Mexico | 10.9 | 9.5 | 13.9 | 15.8 | 13.2% |
| Bahamas | 4.9 | 3.0 | 4.7 | 4.4 | -3.5% |
| British Virgin Islands | 1.0 | 2.0 | 2.0 | 2.5 | 35.7% |
| Cayman Islands | 0.3 | 0.5 | 0.7 | 2.0 | 88.2% |
| Others | 6.7 | 3.7 | 5.9 | 7.1 | 2.0% |
| Total | 75.9 | 76.2 | 101 | 106 | 11.8% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from the United States in 2022:
- Canada (47.9K tons)
- Dominican Republic (17.0K tons)
- Mexico (11.5K tons)
- Bahamas (5.6K tons)
- British Virgin Islands (2.4K tons)
- Cayman Islands (2.3K tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy 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
- 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
120
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in the U.S..
333
This report provides an in-depth analysis of the hot-rolled wire rod market in the USA.
554
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in the U.S..
430
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod in the U.S..
361
This report provides an in-depth analysis of the market for tyre cord wire rod in the USA.
420
This report provides an in-depth analysis of the market for free-cutting steel wire rod in the U.S..
345
This report provides an in-depth analysis of the market for concrete reinforcing wire rod in the U.S..
164
This report provides an in-depth analysis of the global market for hot-rolled non-alloy steel wire rod.
367
Global Hot-Rolled Wire Rod Market Report 2018. This report provides an in-depth analysis of the global hot-rolled wire rod market.
1636
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
448
The price of Hot-Rolled Steel Bar and Rod in July 2023 was $995 per ton (CIF, US), experiencing a 6.7% increase compared to the previous month.
218
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.
104
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1434
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4200
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
1117
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
448
The price of Hot-Rolled Steel Bar and Rod in July 2023 was $995 per ton (CIF, US), experiencing a 6.7% increase compared to the previous month.
218
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.
104
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1434
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
