The wire rod is the lot used steel product which is traded in different kinds of alloys. This product’s global trade has gone through a stable trend recently and its trade was 8,690mt in 2020 and this trade was concentrated in Asia and Europe.
China has been the largest wire rod exporter over the course of 2011-20 and it had 23% share in the global wire rod trade. Also, the industrial country, Germany, was the largest wire rod importer during this period and this country’s import share of the wire rod global trade was 8% in 2020. The second place after Germany is belonged to the USA. Due to the various industries growth, it’s expected that the global market of the wire rod accompanied by increase.