Steel Wire Rod Common China (SH) Prices

09-12-2025 - Over the past month, the price of Steel Wire Rod Common China (SH) has experienced an upward trend, rising from 91.94 to 94.52 Points. This increase suggests a strengthening market for this raw material, potentially driven by growing demand or supply constraints. The forecast anticipates further growth, projecting a price of 97.44 Points, a 3.1% increase from the current 94.52 Points. However, this upward trend comes with the risk of market volatility affecting raw material prices.

The forecast indicates upward price pressure on raw materials, primarily influenced by Flows data, which has a 1.82-point impact. Key contributors to this trend include Seaborne Imports & Exports and Exchange Rates. All data types, such as Demand and Technical, support this upward trajectory.

Conversely, recent developments in China's steel industry suggest a potential decline in wire rod production and demand by 2025. According to a Mysteel report, rebar output is expected to decrease by 6% year-on-year to 202 million tonnes, with demand falling by 7.2% to 199 million tonnes. Similarly, wire rod production is projected to drop by 9.8%, reducing total output to 104 million tonnes. This decline is attributed to ongoing challenges in the property market and limited growth in traditional infrastructure projects.

These projections imply potential downward pressure on wire rod prices, contrasting with the forecast's upward trend, highlighting differing opinions on the future direction of the SH Steel Wire Rod market.