Steel wire rod price October 2024 and outlook (see chart below)
- North America:US$1.33/KG, unchanged
- Northeast Asia:US$0.54/KG, -3.6% down
- Europe:US$0.7/KG, unchanged
- India:US$0.55/KG, -1.8% down
Steel wire rod price index
This post is a summary of the Steel wire rod price developments. The price developments of Steel wire rod are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Steel wire rod price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Steel wire rod prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Steel wire rod prices
- Recent price developments of underlying feedstocks which drive the price of Steel wire rod
- Market futures for both cost drives and feedstocks of Steel wire rod prices
- Adjustment of current supply/demand imbalances in the Steel wire rod market
- Longer term trends in likely demand conditions
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