With the week ending on 11^th April, the global Steel Wire Rod market is currently navigating mixed terrain, with notable divergence in pricing trends across major economies.

Key Takeaways

• USA Steel Wire Rod market faces pricing pressures due to oversupply, weak demand, and heightened trade uncertainties.
• In Germany and China prices of Steel Wire Rod remain stable due to no fluctuation observed within the market.

USA

USA Steel Wire Rod prices decreased by 2.5%, pressured by a growing gap between increasing supply and softening demand. On the supply side, domestic raw steel production rose during the week ending March 29, 2025, while capacity utilization also rose. This slight increase is an indication that there could be a recovery in production levels. Helping this, the U.S. Department of Commerce concluded antidumping duty review of South Korean steel, handing low dumping margins to POSCO and Hyundai Steel. These reports mean more competitively priced imports arrive on the market, again boosting supply availability. Despite this, demand is moving in the opposite direction. Additionally, construction activity decelerates as developers postpone or curtail projects. Nucor Corporation's sharp earnings declines mark the slowdown, as reduced sales and narrower margins contribute. The excess supply and low demand have put bearish pressure on prices, provoking careful buying habits.

Germany

German Steel Wire Rod Prices have stabilized. This stability has occurred despite constant production levels and constant demand, a clear indicator of a well-balanced market environment. Supply-wise, German steel producers have been maintaining a constant output so that production levels match domestic demand. Furthermore, import and export pressures have not posed any serious issues in the market, as local manufacturers are meeting most of the demand without dependence on foreign goods. Demand-wise, the German Steel Wire Rod market has been supported by consistent industrial activity, which has shown moderate growth in different sectors.

China

Chinese Steel Wire Rod prices are stable as there is equilibrium in supply and demand. This stability is in the face of steady production levels and stable demand, indicating a balanced market environment. In terms of supply, Chinese steel producers have kept a steady output, making sure that production levels are in sync with domestic demand. Additionally, import and export pressures have not posed considerable challenges in the marketplace because local producers are meeting most of the demand without reliance on international goods. Where demand is concerned, the Chinese Steel Wire Rod market has been supported by sustained industrial activity that has shown moderate growth across different sectors.

According to ChemAnalyst, prices of Steel Wire Rod in the United States may decrease due to low purchasing activity and ample supply within the domestic market. Meanwhile, prices of Steel Wire Rod in Germany and China may remain stable due to balance in supply and demand.