Steel Wire Market Overview in the USA
In value terms, steel wire production fell to $ in 2019. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2015 to 2019, production growth remained at a somewhat lower figure.
The revenue of the steel wire market in the U.S. contracted to $ in 2019, waning by -% against 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). Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by % year-to-year. Steel wire consumption peaked at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.