Jun 27, 2025IndexBox has just published a new report: U.S. – Iron or Steel Wire Products – Market Analysis, Forecast, Size, Trends And Insights.The United States iron and steel wire market is set to experience a positive consumption trend over the next decade, with a forecasted CAGR of +1.2% in volume and +2.6% in value from 2024 to 2035. This growth is expected to bring the market volume to 865K tons and market value to $9.2B by the end of 2035.Market ForecastDriven by rising demand for iron or steel wire product in the United States, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market volume to 865K tons by the end of 2035.In value terms, the market is forecast to increase with an anticipated CAGR of +2.6% for the period from 2024 to 2035, which is projected to bring the market value to $9.2B (in nominal wholesale prices) by the end of 2035.ConsumptionUnited States’s Consumption of Iron or Steel Wire ProductsIn 2024, consumption of iron or steel wire products decreased by -1.4% to 759K tons, falling for the sixth year in a row after three years of growth. Overall, consumption showed a deep downturn. As a result, consumption attained the peak volume of 2M tons. From 2019 to 2024, the growth of the consumption failed to regain momentum.The size of the market for iron or steel wire products in the United States surged to $6.9B in 2024, picking up by 69% 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). In general, the total consumption indicated a tangible increase from 2013 to 2024: its value increased at an average annual rate of +3.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.ProductionUnited States’s Production of Iron or Steel Wire ProductsIn 2024, approx. 654K tons of iron or steel wire products were produced in the United States; waning by -1.8% on the year before. In general, production continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 16%. Iron or steel wire product production peaked at 1.9M tons in 2018; however, from 2019 to 2024, production remained at a lower figure.In value terms, iron or steel wire product production skyrocketed to $6.6B in 2024. Over the period under review, the total production indicated a perceptible expansion from 2013 to 2024: its value increased at an average annual rate of +3.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuation
