Dec 12, 2025IndexBox has just published a new report: Northern America – Iron or Steel Wire Products – Market Analysis, Forecast, Size, Trends And Insights.The Northern American market for iron or steel wire products is forecast to grow modestly in volume (CAGR +1.1%) but more robustly in value (CAGR +2.6%) from 2024 to 2035, reaching 959K tons and $9.6B respectively. Despite a recent six-year decline in consumption volume to 849K tons in 2024, market value surged to $7.2B, driven by price increases. The United States dominates both consumption (89%) and production (88%). Trade dynamics show the US as the primary importer, while Canada is the leading exporter by volume, though US exports command a significantly higher unit price.Key FindingsMarket value growth (CAGR +2.6%) outpaces volume growth (CAGR +1.1%), forecasting a $9.6B market by 2035The United States accounts for nearly 90% of regional consumption and productionConsumption volume has declined for six consecutive years, but 2024 market value soared by 65%Canada is the region’s primary exporter by volume, but US exports are valued over four times higher per tonImport and export prices have risen significantly, with 2024 export prices up 43% year-over-yearMarket ForecastDriven by rising demand for iron or steel wire product in Northern America, 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 +1.1% for the period from 2024 to 2035, which is projected to bring the market volume to 959K 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 $9.6B (in nominal wholesale prices) by the end of 2035.ConsumptionNorthern America’s Consumption of Iron or Steel Wire ProductsIn 2024, consumption of iron or steel wire products decreased by -0.7% to 849K tons, falling for the sixth consecutive year after three years of growth. In general, consumption showed a abrupt slump. As a result, consumption attained the peak volume of 2.1M tons. From 2019 to 2024, the growth of the consumption remained at a lower figure.The revenue of the market for iron or steel wire products in Northern America soared to $7.2B in 2024, with an increase of 65% 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). The market value increased at an average annual rate of +3.1% from 2013 to 2024; however, the trend pattern 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.Consumption By CountryThe country with the largest volume of iron or steel wire product consumption was
