Steel Wire Market Overview in the USA
In value terms, steel wire production totaled $ in 2018. In general, steel wire production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of % year-to-year. In that year, steel wire production attained its peak level of $. From 2015 to 2018, steel wire production growth failed to regain its momentum.
The revenue of the steel wire market in the U.S. amounted to $ in 2018, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of % y-o-y. Steel wire consumption peaked at $ in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.