Steel Wire Rod Common China (SH) Prices

05-02-2026 - Over the past month, the price of Steel Wire Rod Common China (SH) has seen a slight decrease, moving from 94.24 Points to 93.84 Points. This minor decline suggests a downward trend in the raw material market, possibly due to changes in supply or demand dynamics. However, the forecast anticipates an increase to 95.3 Points, up by 1.46 Points or 1.6% from the current price of 93.84 Points. This projection indicates a generally upward trend, albeit with moderate risk due to potential market fluctuations in raw material prices.

The forecast highlights upward price pressure on raw materials, influenced by Flows data, particularly Seaborne Imports & Exports and Exchange Rates, contributing a 1.67-point impact. Conversely, Demand and Technical data suggest downward pressure, presenting mixed signals in the market.

A report from Shanghai Metals Market (SMM) dated February 3, 2026, notes that the operating rates and capacity utilization rates of wire rod rolling lines in Central China steel mills remained stable during the survey period from January 27 to February 2. This stability in production implies no immediate factors are driving a price increase for wire rod in the Shanghai market, offering a counterpoint to the forecasted price rise.