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Iran’s Steel Wire Market Outlook Report

   March 11, 2020

9,743€

• TRY: 475,000 ₺

Steel wire is produced in different diameters based on its applications. The construction industry is the largest consumer of wire in reinforced concrete (to tie rebar) for the frames and foundations of buildings. Consumable goods such as cages, meshes, and springs with various applications are also instances of steel wire consumption. Estimates suggest that Iran’s steel wire market will have relative growth and oversupply over the coming years. On the demand side, despite higher prices in rial terms due to the depreciation of the rial against the US dollar, demand for steel wire will increase.