The global Hot Rolled Wire Rod market size is predicted to grow from US$ 19050 million in 2025 to US$ 20390 million in 2031; it is expected to grow at a CAGR of 1.1% from 2025 to 2031.

Hot-rolled wire rod is a semi-finished steel product produced by hot rolling steel billets through a series of rolling mills. It has a circular or sometimes oval cross-section and is supplied in coiled form. Wire rod serves as the primary raw material for a wide range of downstream products, including wire drawing into various types of wire , fasteners, and other applications like springs and mesh. The hot rolling process gives the wire rod a relatively rough surface finish.

The hot-rolled wire rod industry is a crucial link in the steel value chain, supplying diverse downstream sectors. Current trends point towards a growing demand for higher-quality wire rods with improved mechanical properties, tighter tolerances, and enhanced surface finish. This is driven by the increasing sophistication of downstream manufacturing processes and the demand for higher-performance end products. Sustainability is also a major focus, with manufacturers striving to reduce their environmental footprint through energy-efficient production, reduced emissions, and increased use of recycled steel. The industry is also influenced by advancements in steelmaking and rolling technologies, leading to improved product quality and production efficiency. Market dynamics are affected by fluctuations in raw material prices (iron ore, coal), global economic conditions, and trade policies. The growth of infrastructure development, particularly in emerging economies, continues to drive demand for wire rod in construction and related applications.

Furthermore, the automotive, energy, and consumer goods sectors also contribute significantly to the demand for specialized wire products derived from wire rod. The industry is also seeing a trend towards greater specialization, with manufacturers producing wire rod tailored to specific downstream applications.

LP Information, Inc. (LPI) ' newest research report, the “Hot Rolled Wire Rod Industry Forecast” looks at past sales and reviews total world Hot Rolled Wire Rod sales in 2024, providing a comprehensive analysis by region and market sector of projected Hot Rolled Wire Rod sales for 2025 through 2031. With Hot Rolled Wire Rod sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hot Rolled Wire Rod industry.

This Insight Report provides a comprehensive analysis of the global Hot Rolled Wire Rod landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hot Rolled Wire Rod portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hot Rolled Wire Rod market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hot Rolled Wire Rod and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hot Rolled Wire Rod.

This report presents a comprehensive overview, market shares, and growth opportunities of Hot Rolled Wire Rod market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Yield Point>195MPa
Yield Point>215MPa
Yield Point>235MPa
Others

Segmentation by Application:

Construction
Machinery
Others

This report also splits the market by region:

Americas

United States
Canada
Mexico
Brazil

APAC

China
Japan
Korea
Southeast Asia
India
Australia

Europe

Germany
France
UK
Italy
Russia

Middle East & Africa

Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

China Baowu Group
ArcelorMittal
Ansteel Group
HBIS Group
Nippon Steel Corporation
Jianlong Group
Shougang Group
Tata Steel
Shagang Group
Delong Steel Group
POSCO
JFE Steel Corporation
Hunan Steel Group
JSW Steel Limited
Nucor Corporation
Shandong Steel Group
Liuzhou Steel Group
Fangda Steel
Hyundai Steel
Baotou Steel Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hot Rolled Wire Rod market?
What factors are driving Hot Rolled Wire Rod market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hot Rolled Wire Rod market opportunities vary by end market size?
How does Hot Rolled Wire Rod break out by Type, by Application?