Steel Wire Rod Common China (SH) Prices

29-01-2026 - Over the past month, the price of Steel Wire Rod Common China (SH) has seen a slight decrease, moving from 94.4 Points to 93.97 Points, indicating a minor downward trend in the raw material market. The forecast predicts a rise to 94.84 Points, an increase of 0.87 Points or 0.9% from the current price of 93.97 Points. This suggests a generally stable trend with minimal risk, reflecting steady raw material pricing.

The forecast indicates upward price pressure on raw materials due to Flows data, particularly from Seaborne Imports & Exports. However, this is balanced by downward pressure from Demand and Technical data, showing a lack of consensus among different data sources.

According to a report by the National Development and Reform Commission (NDRC), China's steel market showed signs of recovery in February 2025 after a sluggish January. The Sales Price Expectation Index rose to 69.1%, a significant increase of 41.2 percentage points from January, indicating improved market sentiment. Additionally, steel purchasing activity from end-users, such as fabricators and construction sites, is expected to rebound, with the Sales Volume Expectation Index for February climbing to 54.8%, up by 39.2 percentage points from January.

This positive outlook from the NDRC supports the forecasted upward trend in the Shanghai Steel Wire Rod market, suggesting a potential stabilization and improvement in the near future.