Jun 26, 2025IndexBox has just published a new report: U.S. – Iron and Steel Wire – Market Analysis, Forecast, Size, Trends and Insights.Driven by rising demand, the iron and steel wire market in the United States is expected to show a positive consumption trend in the upcoming years. The market is projected to grow with a CAGR of +0.2% in volume and +2.9% in value from 2024 to 2035, reaching 2.6M tons and $12.9B respectively by the end of the period.Market ForecastDriven by increasing demand for iron and steel wire in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.2% for the period from 2024 to 2035, which is projected to bring the market volume to 2.6M tons by the end of 2035.In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2024 to 2035, which is projected to bring the market value to $12.9B (in nominal wholesale prices) by the end of 2035.ConsumptionUnited States’s Consumption of Iron and Steel WireIn 2024, consumption of iron and steel wire was finally on the rise to reach 2.5M tons after two years of decline. The total consumption volume increased at an average annual rate of +1.0% from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, consumption attained the peak volume at 2.7M tons in 2018; however, from 2019 to 2024, consumption remained at a lower figure.The size of the iron and steel wire market in the United States rose notably to $9.5B in 2024, with an increase of 5.9% 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 prominent expansion from 2013 to 2024: its value increased at an average annual rate of +6.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +29.3% against 2020 indices. Iron and steel wire consumption peaked in 2024 and is likely to see steady growth in years to come.ProductionUnited States’s Production of Iron and Steel WireIn 2024, production of iron and steel wire in the United States totaled 2M tons, approximately mirroring 2023. In general, production continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 21% against the previous year. Iron and steel wire production peaked at 2.1M tons in 2018; however, from 2019 to 2024, production failed to regain momentum.In value terms, iron and steel wire production reached $8.9B in 2024. Overall, production showed a prominent increase. The most p
