Global Steel Wire Rod Market

Global Steel Wire Rod Market Overview

• The Global Steel Wire Rod Market Size is anticipated to Exceed USD 278.33 Billion by 2033, Growing at a CAGR of 4.55% from 2023 to 2033.
• Steel wire rods are mostly purchased by the construction industry; therefore, demand is predicted to rise as a result of the industry's anticipated structural expansion. 
• The product may be used for a variety of construction applications, such as prestressed concrete and concrete reinforcement, where it is utilized as wires or wire meshes.

Major vendors in the Global Steel Wire Rod Market

Tata Steel, JFE Steel, Gerdau, WireCo WorldGroup, Nucor, Nippon Steel Sumitomo Metal Corporation, Worthington Industries, ArcelorMittal, Baosteel Group, Shougang Group, Voestalpine AG, Hyundai Steel, POSCO, Hebei Iron and Steel Group, and Bekaert, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisors has segmented the steel wire rod market based on the below-mentioned segments:

Global Steel Wire Rod Market, By Application 

• Construction
• Automotive
• Energy
• Industrial
• Consumer Goods

Global Steel Wire Rod Market, By Grade 

• Low Carbon Steel
• Carbon Steel
• Alloy Steel
• Stainless Steel

 Global Steel Wire Rod Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa