Steel Wire Rod Common China (SH) Prices

30-09-2026 - Over the past month, the price of Steel Wire Rod Common China (SH) has experienced a slight increase, rising from 93.95 to 94.34 Points. This modest uptick suggests stable demand and supply dynamics in the raw materials market. The forecast anticipates a further rise to 95.75 Points, marking an increase of 1.41 Points or 1.5% from the current price of 94.34 Points, indicating a generally upward trend. However, potential market fluctuations could impact raw material prices.

The forecast highlights upward price pressure on raw materials driven by global economic demand, contributing a 0.37-point impact. This is partially offset by downward pressure from market flows, which exert a -0.13-point impact, resulting in mixed signals overall.

According to a report by Mysteel, construction steel prices in China, including rebar and wire rod, are expected to continue their upward trajectory in October 2023. The report suggests that the imbalance between supply and demand will become more pronounced, leading to a reduction in steel inventories and supporting price increases. Additionally, rising production costs for steel mills are anticipated to further bolster finished steel prices.

This external analysis aligns with the forecasted upward trend for the SH Steel Wire Rod market in the coming month, suggesting continued price strength driven by demand and supply factors.