Steel Wire Rod Common China (SH) Prices

15-04-2026 - Over the past month, the price of Steel Wire Rod Common China (SH) has seen a slight decrease, moving from 94.35 Points to 93.72 Points. This modest drop suggests potential changes in supply-demand dynamics affecting the market value of this raw material. The forecast for Steel Wire Rod Common China (SH) is 93.75 Points, a marginal increase from the current price of 93.72 Points, indicating a generally stable trend with a negligible change of 0.03 Points or 0.0%. The associated risk appears minimal due to this slight price movement.

The current forecast presents mixed signals. Data on 'Flows', particularly Seaborne Imports & Exports, indicates a -1.1 point impact, suggesting downward pressure on raw material prices. In contrast, 'Demand' and 'Technical' data point to upward pressure, reflecting a lack of consensus among different data types.

According to the World Steel Association's Short Range Outlook released on April 14, 2026, global steel demand is expected to grow by 0.3% in 2026, reaching 1,724 million tonnes, with a further increase of 2.2% in 2027. In China, the decline in steel demand is projected to narrow to -1.5% in 2026, as the housing market correction approaches its end and infrastructure investments are anticipated to rise, supported by local government efforts to sustain moderately strong GDP growth. This outlook suggests a potential stabilization or modest recovery in steel demand, which could support an upward trend in steel wire rod prices in the Shanghai market over the next month.