For the Quarter Ending December 2025
Steel Wire Rod Prices in North America
- In the USA, the Steel Wire Rod Price Index fell by 0.88% quarter-over-quarter, subdued demand.
- The average Steel Wire Rod price for the quarter was approximately USD 1084.33/MT, reported industry-wide.
- Steel Wire Rod Spot Price remained range-bound this quarter, the Price Index showing minimal volatility.
- Market Price Forecast anticipates modest upside as infrastructure procurement and buying support Steel Wire Rod purchases.
- Steel Wire Rod Production Cost Trend remained stable; flat scrap and freight costs limited increases.
- Steel Wire Rod Demand Outlook is muted due to high borrowing costs, cautious distributor restocking.
- Inventories and export demand held balanced, keeping the Price Index steady amid limited spot buying.
- Major producer maintenance and tariff protections constrained imports, supporting domestic offers despite incremental capacity additions.
Why did the price of Steel Wire Rod change in December 2025 in North America?
- Balanced domestic production and steady imports-maintained supply, preventing significant price increases despite muted demand.
- Stable freight and flat feedstock costs limited mill cost pass-through, keeping landed CFR offers unchanged.
- Seasonally subdued construction activity and comfortable distributor stocks reduced buying urgency, anchoring prices through December.
Steel Wire Rod Prices in APAC
- In Indonesia, the Steel Wire Rod Price Index fell by 3.43% quarter-over-quarter, reflecting softer procurement.
- The average Steel Wire Rod price for the quarter was approximately USD 543.67/MT per surveys.
- Steel Wire Rod Spot Price remained constrained by import parity and distributor inventory, limiting upside.
- Near-term Steel Wire Rod Price Forecast indicates modest weakness before seasonal procurement supports renewed buying.
- Steel Wire Rod Production Cost Trend reflected firmer imported billet costs and freight, pressuring margins.
- Steel Wire Rod Demand Outlook remains constructive driven by infrastructure spending and construction sector procurement.
- Domestic Steel Wire Rod Price Index showed volatility amid mixed import offers and port congestion.
- Mills operated near-normal rates while inventories trimmed by restocking, influencing short-term transactional pricing dynamics overall.
Why did the price of Steel Wire Rod change in December 2025 in APAC?
- Stronger infrastructure demand and urgent year-end drawdowns tightened domestic availability, supporting upward price pressure.
- Higher imported billet parity plus freight increases elevated production costs, transmitting into rod offers.
- Port congestion and shipment delays amplified inventory tightness, prompting sellers to defend higher bids.
Steel Wire Rod Prices in Europe
- In Germany, the Steel Wire Rod Price Index fell by 6.53% quarter-over-quarter, driven by weak construction demand and higher imports.
- The average Steel Wire Rod price for the quarter was approximately USD 615.67/MT, reflecting aggregated weekly and spot assessment data.
- Steel Wire Rod Spot Price volatility eased as abundant imports tempered short-term rallies, keeping the Steel Wire Rod Price Index sideways.
- Steel Wire Rod Price Forecast indicates modest upside near-term as winter restocking competes with lingering construction weakness.
- Steel Wire Rod Production Cost Trend rose amid tighter scrap availability and elevated electricity tariffs elevating mill conversion charges.
- Steel Wire Rod Demand Outlook remains subdued as German construction and automotive pull slow, despite pockets of infrastructure-driven procurement.
- Elevated distributor inventories and smooth Bremerhaven arrivals have pressured the Steel Wire Rod Price Index throughout the quarter.
- Domestic mill run-rate adjustments and EU safeguard quotas intermittently tightened supply, supporting selective upward pressure on spot offers.
Why did the price of Steel Wire Rod change in December 2025 in Europe?
- Soft domestic construction demand and subdued automotive orders reduced offtake, exerting downward pressure on December prices.
- Elevated import arrivals and distributor destocking increased availability, weighing on the Steel Wire Rod Price Index performance.
- Higher scrap scarcity and electricity tariffs pushed production costs up, underpinning selective seller resilience despite weak demand.
For the Quarter Ending September 2025
North America
- In the USA, the Steel Wire Rod Price Index rose by 3.0% quarter-over-quarter, reflecting tariff protection.
- The average Steel Wire Rod price for the quarter was approximately USD 1170.00/MT, reflecting stable inventories.
- Steel Wire Rod Spot Price remained range-bound as import parity and mill allocations constrained transactional liquidity.
- Steel Wire Rod Price Forecast points to modest volatility driven by seasonal construction and mill utilisation.
- Steel Wire Rod Production Cost Trend remained stable as scrap and energy inputs exhibited limited volatility.
- Steel Wire Rod Demand Outlook remains balanced as infrastructure and automotive demand offset weaker residential construction.
- Steel Wire Rod Price Index benefited from antidumping measures and limited imports, preserving domestic pricing power.
- Domestic mills ran near 80% utilisation, inventories manageable, while sporadic export demand provided price support.
Why did the price of Steel Wire Rod change in September 2025 in North America?
- High mill utilisation plus antidumping measures reduced import competition, tightening supply and underpinning domestic prices.
- Summer construction and steady automotive offtake sustained demand, while high borrowing costs restrained residential activity.
- Stable scrap and energy costs and fluid Gulf logistics supported steady conversion economics, reducing volatility.
APAC
- In Indonesia, the Steel Wire Rod Price Index rose by 0.6% quarter-over-quarter, reflecting steady mills, demand.
- The average Steel Wire Rod price this quarter was approximately USD 563.00/MT, supported by steady mills.
- Steel Wire Rod Spot Price weakened September as export offers and inventory builds pressured domestic markets.
- Steel Wire Rod Price Index showed intermittent firmness July driven by infrastructure procurement and automotive restocking.
- Steel Wire Rod Production Cost Trend increased due to higher billet and coking coal conversion expenses.
- Steel Wire Rod Demand Outlook remains cautious with construction seasonality offsetting stronger public infrastructure procurement continuing.
- Steel Wire Rod Price Forecast indicates range-bound September, downside risk from inventories and ASEAN competition persisting.
- Steel Wire Rod Price Index reflected balanced logistics, stable PLN tariffs and uninterrupted mill availability supporting.
Why did the price of Steel Wire Rod change in September 2025 in APAC?
- Regional inventories increased while Chinese export offers grew, applying downward pressure on Indonesian spot markets.
- Sustained mill operations and stable freight limited supply disruptions, reducing short-term upward price impetus significantly.
- Rising input costs for feedstocks contrasted with abundant arrivals, producing mixed signals for price direction.
Europe
- In Germany, the Steel Wire Rod Price Index fell by 2.13% quarter-over-quarter, reflecting weak offtake.
- The average Steel Wire Rod price for the quarter was approximately USD 658.67/MT during Q3 2025.
- Steel Wire Rod Spot Price oscillated, with the twelve week moving average indicating gradual stabilisation.
- Steel Wire Rod Price Forecast expects autumn gains from infrastructure restocking and constrained billet supply.
- Steel Wire Rod Production Cost Trend shows scrap increases easing while electricity tariffs remain stable.
- Steel Wire Rod Demand Outlook remains mixed with construction restocking offsetting weak automotive procurement activity.
- Steel Wire Rod Price Index upside limited by elevated inventories, imports and subdued downstream call-offs.
- Major German mills operated without outages, maintaining deliveries and tempering Price Index volatility amid softness.
Why did the price of Steel Wire Rod change in September 2025 in Europe?
- Balanced domestic supply meeting roughly 85% of consumption prevented sharp shortages, reducing upward price pressure.
- Elevated inventories and steady import volumes increased available stocks, exerting downside pressure on September quotations.
- Stable energy and logistics contained cost shocks, leaving weak offtake, sentiment to drive soft pricing.
For the Quarter Ending June 2025
North America
- The Steel Wire Rod Price Index in the USA decreased by 4% quarter-over-quarter in Q2 2025. The decline was largely attributed to softening demand from the automotive and construction sectors, coupled with easing raw material input costs and competitive import offers.
- The Steel Wire Rod Production Cost Trend remained steady, with domestic mills operating under stable energy and transportation conditions, though reduced capacity utilization contributed to minor inefficiencies.
- The Steel Wire Rod Demand Outlook weakened, as downstream manufacturers slowed procurement amid broader economic uncertainty and elevated inventory levels.
- Imports increased marginally, especially from Asian suppliers offering lower-priced alternatives, impacting domestic mill pricing strategies.
Why did the price of Steel Wire Rod change in July 2025 in North America?
- The Steel Wire Rod Spot Price in July 2025 is estimated to have edged slightly lower as transactional volumes remained thin and buyer sentiment cautious.
- Purchasing activity from construction subcontractors and OEMs was limited, with most participants waiting for clearer signals.
- The Steel Wire Rod Price Forecast suggests continued pricing pressure unless government-funded infrastructure projects accelerate.
- The Steel Wire Rod Demand Outlook stays subdued due to flat ordering patterns and import competition.
APAC
- The Steel Wire Rod Price Index in Indonesia decreased by 2.4% quarter-over-quarter in Q2 2025. The fall reflected tepid infrastructure activity and limited manufacturing output, alongside discounted offers from regional mills.
- The Steel Wire Rod Production Cost Trend declined marginally due to cheaper billet inputs and favorable domestic logistics.
- The Steel Wire Rod Demand Outlook was dampened by project delays, slower construction permit approvals, and weak private investment.
- Export momentum also lagged amid oversupply in Southeast Asia and narrowing regional price spreads.
Why did the price of Steel Wire Rod change in July 2025 in Indonesia?
- The Steel Wire Rod Spot Price in July 2025 likely stayed soft amid abundant supply and minimal restocking by distributors.
- Domestic consumption remained slow, with many buyers hesitant to build positions ahead of Q3 bids.
- The Steel Wire Rod Price Forecast indicates potential sideways movement unless infrastructure or export demand rebounds.
- The Steel Wire Rod Demand Outlook remains muted due to sluggish project execution and limited stimulus visibility.
Europe
- The Steel Wire Rod Price Index in Germany decreased by 1.3% quarter-over-quarter in Q2 2025. The contraction was driven by slow recovery in industrial activity, elevated inventories, and continued import pressure from Eastern Europe and Asia.
- The Steel Wire Rod Production Cost Trend was mostly stable, supported by predictable input pricing for scrap and semi-finished goods, but affected by lower plant utilization.
- The Steel Wire Rod Demand Outlook remained weak as the construction pipeline stayed thin and buyers delayed new procurement cycles.
- Imports remained competitively priced, further challenging domestic producers in maintaining margins.
Why did the price of Steel Wire Rod change in July 2025 in Germany?
- The Steel Wire Rod Spot Price in July 2025 likely trended slightly lower due to a sluggish demand environment and minimal price negotiation leverage for mills.
- Industrial buyers maintained conservative positions amid broader macroeconomic uncertainty.
- The Steel Wire Rod Price Forecast remains soft unless manufacturing output or regional infrastructure spending picks up.
- The Steel Wire Rod Demand Outlook is restrained due to delayed government contracts and export market headwinds.
For the Quarter Ending March 2025
North America
- The Steel Wire Rod Price Index for the North American region followed a persistent downward trend, ending Q1 2025 at USD 1,183/MT Ex Texas (USA) for A36–8 mm grade.
- Why did the price of Steel Wire Rod change in April 2025?
- Steel Wire Rod prices decreased in the early weeks of April 2025 due to persistent oversupply, weak end-use sector demand, and heightened import competition.
- The Steel Wire Rod Spot Price was pressured by surplus domestic inventories and increased steel imports, leading to aggressive pricing strategies across the region.
- The Steel Wire Rod Production Cost Trend remained high, but cost pressures were overshadowed by weak demand, especially from construction and manufacturing sectors.
- Despite stable or even rising input costs, the Steel Wire Rod Demand Outlook remained subdued, with no substantial catalysts for short-term recovery.
- The U.S. market exhibited the most notable declines, both QoQ (–5.3%) and YoY, signaling deeper structural imbalances in supply-demand dynamics.
- The Steel Wire Rod Price Forecast for Q2 2025 suggests continued price softness unless inventory rationalization and demand-side recovery gain traction.
Europe
- The Steel Wire Rod Price Index in Europe showed modest upward movement, ending Q1 2025 at USD 709/MT FD-Ruhr (Germany) for rebar grade, up 0.8% QoQ.
- Why did the price of Steel Wire Rod change in April 2025?
- Prices increased marginally in initial weeks of April 2025, supported by persistent supply-side constraints, rising freight costs, and added operational expenses from regulatory compliance.
- The Steel Wire Rod Spot Price was impacted by supply disruptions stemming from port congestion, shipping route changes, and equipment shortages across Europe.
- Regulatory developments, especially the EU Emissions Trading System, intensified the Steel Wire Rod Production Cost Trend, adding compliance costs to producers' burdens.
- Despite construction sector uncertainty, tight availability and firm costs drove prices upward.
- The Steel Wire Rod Demand Outlook remains cautiously optimistic, with constrained supply likely to support prices even amid moderate demand.
- The Steel Wire Rod Price Forecast for Q2 2025 indicates a bullish tone if supply bottlenecks persist and environmental compliance pressures continue to elevate producer costs.
Asia-Pacific (APAC)
- The Steel Wire Rod Price Index in APAC declined significantly during Q1 2025, ending at USD 493/MT Ex Shanghai (China) for Q235–8 mm, reflecting a 5.2% drop compared to Q4 2024.
- Why did the price of Steel Wire Rod change in April 2025?
- Steel Wire Rod prices decreased entering April 2025 due to weak manufacturing demand, reduced export volumes, and seasonally low domestic steel consumption.
- The Steel Wire Rod Spot Price was pressured by overcapacity and limited downstream activity, especially in China.
- Although the Steel Wire Rod Production Cost Trend rose due to raw material and energy inflation, producers were unable to pass costs onto buyers due to poor demand.
- Seasonal slowdowns and muted recovery in infrastructure and real estate limited the Steel Wire Rod Demand Outlook, keeping prices under pressure.
- APAC markets faced downward pricing momentum despite slight trading activity increases late in the quarter.
- The Steel Wire Rod Price Forecast suggests continued weakness into Q2 unless policy stimulus or export demand improves significantly.
