Procurement Market Intelligence Report
Nonelectric Iron & Steel Wire
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Nonelectric Iron & Steel Wire Global Overview
Definition
Summary
This report is intended to assist buyers of nonelectric iron and steel wire for construction and industrial applications. Nonelectric iron and steel wire is often used for the manufacturing of fences, wire mesh and nails. Key buyers include oil extraction firms and construction and manufacturing companies. Suppliers include manufacturers, wholesalers and retailers.
This Report Includes:
- Low and high carbon steel wire
- Hand-drawn and stainless steel wire
- Stranded wire
- Oil tempered wire
Not in this Report:
- Wire ropes for suspension
- Wire ropes for towing
Global Nonelectric Iron & Steel Wire Procurement Trends
Discover the top international trends affecting procurement in the global Nonelectric Iron & Steel Wire market.
Warning Trends
Manufacturing component prices to rise in response to elevated tariffs
- The Trump administration’s reciprocal tariffs, which apply broad tariffs to all imports from most nations, are set to take effect on August 7 after the rates were finalized on August 1.
- However, these tariff increases exempt steel and aluminum products, which already face a flat tariff rate of 50.0% regardless of source country, except for the United Kingdom, as of mid-June.
- The tariffs on steel and aluminum are set to increase domestic prices for these metals by 37.6%, translating to similar price increases for manufacturing components made from these materials, such as springs, non-electric wire and cable, or fasteners.
- Nonmetallic manufacturing components, such as those made from plastic and other materials, are likely to see significant price increases when the reciprocal tariffs go into effect, with the Yale Budget Lab projecting an 11.0% average price increase for plastic and rubber goods.
- As tariff policy continues to evolve, this story will be continuously updated to reflect the impacts.
United States announces new tariffs on all imported steel
- In February 2025, the United States announced 25.0% tariffs on all imported steel with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada, Mexico, and Brazil, the top exporters of steel to the United States, had exemptions from tariffs. These have now been removed and all imported steel, regardless of origin, will be subject to the 50.0% tariff. However, on May 8th, the US announced an agreement with the United Kingdom to remove all levies on steel exported from the UK.
- When tariffs on steel imports were introduced in March 2018, they contributed to an increase in the price of steel and steel products. According to the Bureau of Labor Statistics, the price of steel-milled products increased by 10.2% in the year after the tariffs were implemented. This market heavily relies on steel as an input and may be impacted by this policy.
Global Nonelectric Iron & Steel Wire Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 3,880 |
| #2 China | 3,040 |
| #3 India | 2,205 |
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Geography Drilldown - US
Average Cost of Nonelectric Iron & Steel Wire
United States
2026 Market Pricing$10.00 to $XX.XX
per 100 feetAverage Price
Prices in the Nonelectric Iron & Steel Wire market range from $10.00 to $XX.XX, depending on Quality of Material, Gauge, Treatment processing and Design. For example, lower prices are associated with Low-grade steel or iron ($25.00 to $85.00 per 100 feet), whereas higher prices are associated with High-grade steel or iron ($85.00 to $350 per 100 feet).
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Nonelectric Iron & Steel Wire Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Nonelectric Iron & Steel Wire market, prices in the US have declined -1.8% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Nonelectric Iron & Steel Wire
Total cost of ownership is Low in the Nonelectric Iron & Steel Wire market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Lost Orders may raise the total cost of ownership unexpectedly.
Negotiated Before
Financing
Transportation
Billed During
Warranties
Unforeseen
Lost Orders
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -0.7 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Recent Price Trend. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as High, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Steel Rollers & Drawers
- Industrial Machinery & Equipment Wholesalers
- Zinc Chemical Fluxing Firms
2nd
Tier Suppliers
- Primary Metal Manufacturers
- Metalworking Machinery Manufacturers
- Chemical Coating Firms
Biggest Nonelectric Iron & Steel Wire Suppliers in the US by Revenue
The largest Nonelectric Iron & Steel Wire vendors by revenue in the US are Gerdau S.A., Nv Bekaert Sa and Keystone Consolidated Industries, Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Nucor Corporation | Global | CHARLOTTE, NC | >10,000 | 10-15 | ||||
| Arcelormittal | Global | Luxembourg, LU | >10,001 | 5-10 | ||||
| Keystone Consolidated Industries, Inc. | Global | London, TX | >10,001 | 5-10 | ||||
| Worthington Industries, Inc. | Global | COLUMBUS | 1,001-10,000 | 5-10 | ||||
| Gerdau S.A. | Global | US | >10,001 | 5-10 | ||||
| Posco | Global | Seoul , KR | >10,001 | < 5 | ||||
| Leggett & Platt, Inc. | Global | CARTHAGE | >10,000 | < 5 | ||||
| Heico Corporation | Global | HOLLYWOOD | 1,001-10,000 | < 5 | ||||
| Insteel Industries Inc. | National | MOUNT AIRY | 501-1,000 | < 5 | ||||
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Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Nonelectric Iron & Steel Wire market is 8.1% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
There is low market share concentration due to the widespread demand for local suppliers. Therefore, the market is highly competitive, and operators are mostly regionally and locally based, with the exception of a few large-scale, multinational companies.
The nonelectric iron and steel wire market has a high level of supply chain risk, largely due to its reliance on steel as a manufacturing input. The supply chain for steel has exhibited significantly elevated levels of risk due to the destabilizing impact of the coronavirus pandemic on the manufacturing, construction and mining industries.
While various environmental conditions and building codes influence the purchasing process, regulation change is slow and does not have a significant effect on buyers’ purchasing power.
Moderate vendor risk indicates suppliers are subject to increased risk, causing vendors to pass on some risk to buyers in the form of higher pricing.
As the United States is a net importer of wire, buyers can effectively leverage the option of sourcing from an international supplier against a domestic supplier. However, the recent tariffs on steel imports have significantly increased the cost of imported wire products, thereby reducing the competitiveness of foreign suppliers and limiting buyers' ability to negotiate lower prices with domestic producers.
Supplier Information
Nucor Corporation
Nucor Corporation is a manufacturer of steel and steel products serving the US market. It organizes its business into three segments: the Steel Mills segment, which produces sheet steel, plate steel, structural steel, and bar steel; the Steel Products segment, which offers steel joists and joist girders, Subscribe to learn more
Arcelormittal
Arcelormittal is a public company operating globally in the manufacturing sector. The company's offerings include oil & gas casing & tubing, railroad track, sheet metal and nonelectric iron & steel wire. Founded in 2007, the company is currently headquartered in Luxembourg, Luxembourg with an estimated 125416... Subscribe to learn more
Gerdau S.A.
Gerdau S.A. is a public company operating globally in the manufacturing sector. The company's offerings include nonelectric iron & steel wire and grinding media. Founded in 2018, the company is currently headquartered in São Paulo, Brazil with an estimated 27383 employees. Subscribe to learn more
Keystone Consolidated Industries, Inc.
Keystone Consolidated Industries, Inc. is a private company operating globally in the manufacturing sector. The company's offerings include security wire fencing and nonelectric iron & steel wire. Founded in 1992, the company is currently headquartered in Dallas, Texas, United States of America with an estimated... Subscribe to learn more
Worthington Industries, Inc.
Worthington Enterprises, Inc. is an industrial manufacturing company focusing on value-added steel processing, laser welded solutions, electrical steel laminations, and manufactured consumer, building, and sustainable mobility products. Its manufactured products include pressure cylinders for liquefied petroleum... Subscribe to learn more
Heico Corporation
HEICO Corporation is engaged in the development, manufacture, and sale of aerospace and electronics products and solutions. It organizes its business into two segments: the Flight Support Group, which manufactures jet engine and aircraft component replacement parts, repairs and distributes avionics and instruments,... Subscribe to learn more
Insteel Industries Inc.
Insteel Industries, Inc. is a steel wire reinforcing products manufacturer for concrete construction applications. Its core products include the prestressed concrete strand, a high-strength, seven-wire strand that imparts compression forces into precast concrete elements and structures and reinforces bridges,... Subscribe to learn more
Leggett & Platt, Inc.
Leggett & Platt Incorporated is a global, diversified manufacturer of engineered components and products for homes, automobiles, aerospace, and industrial markets. It organizes its business into three segments: the Bedding Products segment, which provides comprehensive bedding capabilities, from raw materials,... Subscribe to learn more
Nv Bekaert Sa
Nv Bekaert Sa is a public company operating internationally in the manufacturing sector. The company's offerings include nonelectric iron & steel wire. Founded in 2016, the company is currently headquartered in Doncaster, Doncaster, United Kingdom with an estimated 5500 employees. Subscribe to learn more
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Procurement Management KPIs for the Nonelectric Iron & Steel Wire Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Customer Retention Rate and On-Time Delivery (OTD). Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Pricing and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Customer Retention Rate |
|
Number of Customers at Start of Period Number of Customers at End of Period Number of Customers Added within Period |
The customer retention rate represents the number of customers a company is able to retain over a set timeframe. The customer retention rate can be used to determine the extent to which a company’s customer base fluctuates over time. |
| On-Time Delivery (OTD) |
|
Number of deliveries Number of on-time deliveries |
The on-time delivery rate represents the percentage of orders that are delivered on time. The on-time delivery rate can be used to determine the likelihood of a delayed delivery. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Supply Chain Risk
From where do you source your metal?
Have you ever experienced any supply chain disruptions or shortages in the past? How have you handled these shortages?
Experience and Expertise
When was your company established, and how long have you been operating in this market?
Who has been your largest client, and were they satisfied?
Geographic Coverage
How many branches do you have across the United States and globally?
Can you ship internationally if needed?
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Nonelectric Iron & Steel Wire RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe the size of their organization and include some information about their operations.
Buyers should specify their location and the type of environment that the wire will be used in.
Statement Of Need
In detailed terms, buyers should give specifics about the product requirements and project type. Depending on the project type, different information will be required for suppliers.
Buyers should include product specifications such as circumference, material, gauge, length, brand and strength.
Project Budget
Buyers should include all relevant information for vendors to create a cost proposal.
Buyers should provide information about when payment will occur. For example, buyers should say whether payment is awarded upon finalization of the contract or over a period of time.
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We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
