Wire Rod Price in China Rises 0.6% to USD 1,482/tonne
Drawing grade wire rod in China has gained 24.3% over the quarter as supply-side cuts and restocking shaped prices.
Wire rod, drawing grade, in China was priced at USD 1,482/tonne as of 2026-10-01, up 0.6% from USD 1,472/tonne on 2026-09-24 and up 4.4% from USD 1,420/tonne on 2026-09-01. Over the quarter the price rose 24.3% from USD 1,192/tonne on 2026-07-03, and the year-on-year change stands at +52.4% from USD 971.97/tonne on 2025-10-01. The 52-week high is USD 1,510/tonne on 2026-09-18 and the 52-week low is USD 877.24/tonne on 2025-12-24.
According to Claight market monitoring, coking coal supply tightened due to safety inspections and low Mongolian imports, driving up coke prices and steel production costs. Claight market monitoring also shows that steel mills implemented voluntary production cuts and redirected hot metal to flat steel, reducing rebar and wire rod supply.
Demand-side figures from Claight show national trading volume for construction steel fell 18.37% on September 9 as pre-holiday restocking demand proved unsustainable. Claight market monitoring further reports that total rebar inventory fell by 435,000 tonnes for the week ending September 24 due to concentrated pre-holiday restocking. Shanghai Metals Market reports that steel mill losses widened in late September, leading to expanded maintenance and production suspensions across the sector.