Wire Rod Price | Current and Forecast
Monitor Wire Rod Prices Worldwide
See monthly Wire Rod prices in 5 locations: US, Europe, S. America, Africa, Middle East, SE Asia, NE Asia, C. Europe. Also check Wire Rod price history since 2007 and forecasts. Subscribe now to Intratec Primary Commodity Prices and gain access to current prices of 244 commodities, including Wire Rod.
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Data Legend. The Wire Rod price chart shows the prices in USA Dollar per metric ton (USD/mt) in 8 locations, as follows:
- US: transaction, cif
- Europe: transaction, fob, Germany
- S. America: transaction, fob, Brazil
- Africa: transaction, fob, South Africa
- Middle East: transaction, fob, Turkey
- SE Asia: transaction, fob, Thailand
- NE Asia: transaction, fob, South Korea
- C. Europe: transaction, fob, Czech Republic
Data Use. Wire Rod prices are provided as an annual subscription where subscribers have access to reliable pricing data of 244 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Price Dynamics. The Carbon Steel price in United States increased during September 2018 to 811 USD per metric ton, which represents a rise of 5% compared to the previous month’s value. On a year-over-year basis, Carbon Steel prices in United States increased significantly by 21%. Meanwhile, in Germany, the average price of Carbon Steel amounted to 681 USD per metric ton, from 614 USD per metric ton one year earlier. On a month-over-month basis, the Carbon Steel price in Germany is 2% lower than the price one month before.
The price of Carbon Steel in Brazil rose considerably throughout September 2018, reaching 691 USD per metric ton. The price in Brazil is 11% higher than the average price in the previous month and 29% higher than the average price one year before. In contrast, Carbon Steel prices in South Africa decreased modestly during September 2018, reaching 563 USD per metric ton, which means a decline of 0.5% from the previous month’s price and a rise of 5% from the previous year’s price.
The Carbon Steel prices in Turkey experienced a modest decline of 6 USD per metric ton from the prior month's price, to 569 USD per metric ton. Such price movement in Turkey meant a decrease of 1% on a monthly basis and a rise of 10% on a yearly basis. On the other hand, in September 2018, the Carbon Steel price in Thailand witnessed a rise of 1 USD per metric ton when compared against the previous month's price, to 725 USD per metric ton. The September 2018 price in Thailand is 4% higher than the price one year before.
In South Korea, the average price of Carbon Steel was 683 USD per metric ton on September 2018 – a little decrease of 4 USD per metric ton, or 0.6%, compared with the previous month. On a year-over-year basis, the Carbon Steel price in South Korea is 12% higher than the price one year before.
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About Carbon Steel. Wire Rod is an iron or steel semifinished product rolled from a billet on a rod mill. Although it may be produced in several shapes, such as square, hexagonal, triangular, and flat, most part is round in cross-section with diameters of 5.6 to 18.7 mm. It differs from bars in that it is formed into coils of about 760 mm in diameter and weighs up to 2000 kg.
If on board the vessel, wire rod may be stored in lower holds or tweendecks. It is necessary to use compact and rigid bundles, and that the wire rods are organized in such a way as to avoid breaking the stowage and causing damage due to crushing, disintegration of the bundles, bends, twists, etc. Also, it is necessary to avoid saltwater humidity, so it requires particular humidity and ventilated conditions.
The uses and applications of Wire Rod may vary according to its specification. The main forms of Wire Rod are rolled; cleaned; coated; and heat treated.
Wire rod is usually hot-rolled into wire suitable for further rolling or drawing. Mechanical characteristics result from the composition of the allow and the thermal treatment, and so do the applications, ranging from wire mesh, nails, springs, barbed wire, and reinforcement wire.
