manufactured · input

Steel Wire Rod (Feedstock for Wire Drawing)

Hot-rolled steel wire rod (5.5–16mm diameter) is the primary feedstock for all wire drawing operations. Drawn wire products include: crane hoisting wire rope (high-carbon, CASAR/Bridon-Bekaert spec), automotive valve springs and suspension springs (spring steel), concrete reinforcing mesh (rebar wire), fasteners (bolts, screws), PC strand for prestressed concrete, and fencing wire. China produces ~55-60% of global wire rod (~130M tonnes/year). Key producers: Baowu (largest), HBIS, Shagang, Masteel/Magang, ArcelorMittal (Europe/US). Wire rod supply concentration in China creates downstream dependencies across construction, automotive, and industrial sectors.

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Source countries

7

Companies

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Goods affected

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Claims on record

Where it comes from

Source countries

Share of global supply, by country.

CountryShare of supply
CNChina57%
INIndia7%
USUnited States5%
DEGermany4%
ATAustria2%

Who makes it

Supplier companies

7 companies produce steel wire rod (feedstock for wire drawing).

China Baowu Steel Group

HQ CN12% share

World's largest steel company by production (~130M MT in 2023, 40% larger than second-place ArcelorMittal). State-owned enterprise (central SOE). Formed from merger of Baosteel + Wuhan Iron & Steel (2016), then absorbed Magang (Masteel) in 2019, Taiyuan Iron & Steel (2021). Major wire rod producer across multiple subsidiaries.

Shagang Group

HQ CN8% share

China's largest private steel company; one of the world's largest wire rod producers. Based in Zhangjiagang, Jiangsu. Produces ~44 MT of steel/year including very large volumes of wire rod and bar for domestic construction and export. Vertically integrated with sea port access via Yangtze River at Zhangjiagang.

ArcelorMittal(MT)

HQ LU6% share

World's #2 steel producer; operates 3 US coke plants (as part of integrated steel mills in Indiana) that produce coal tar as a mandatory byproduct of the coking process. Coal tar is the raw material for creosote (railroad tie preservative). ArcelorMittal entered long-term coal tar supply agreements with Koppers Holdings through 2026. While ArcelorMittal does not make railroad ties, it is a critical upstream input supplier for the creosote that treats them. The 3 ArcelorMittal coke plants at Indiana Harbor (East Chicago IN), Burns Harbor (Portage IN), and Cleveland OH are primary US coal tar sources for the railroad industry.

Gerdau S.A.(GGB)

HQ BR4% share

Largest Latin American steel company; dominant wire rod and bar producer in the Americas. NYSE/B3 listed. Operates EAF steelmills in Brazil, US, Canada, Mexico, Argentina, Peru. US operations include wire rod at Cartersville GA (long products). A major supplier to construction, automotive, and fastener markets across the Americas.

Masteel (Magang Group)(600808.SS)

HQ CN3% share

Chinese state-owned steel company; #2 global forged rail wheel producer behind Nippon Steel/Standard Steel (by some market research measures). Produces AAR-compliant forged steel wheels that are technically approved for use in North America — however, Class I railroads face significant institutional, commercial, and political pressure not to use Chinese wheels despite technical compliance. Masteel also produces H-section steel beams, wire rod, and other structural steel products. The existing concentration claim in the DB notes 'Masteel ranked #2 globally' but Standard Steel's sole-qualified domestic position and Buy America-adjacent procurement norms effectively block Masteel from the North American market.

Nucor Corporation(NUE)

HQ US3% share

Charlotte, NC-based steel company (NYSE: NUE); largest US steel producer by volume; all EAF (electric arc furnace) production. Plate Mill Group: three facilities — Hertford County (Cofield) NC, Brandenburg KY, Tuscaloosa AL. Combined ~3.5 million tons/year plate capacity (cut-to-length and discrete plate). Products: carbon, HSLA, alloy, and pressure vessel-quality steel plate. Markets served include heavy equipment, dump bodies, on-highway trucks, rail cars, barges, ships — fire apparatus structural steel falls in this category. Buy America compliance: all domestic EAF production qualifies. Nucor also owns David J. Joseph (scrap procurement) and various downstream fabricators. Largest US recycled-content steel producer.

voestalpine AG(VOE)

HQ AT2% share

Austrian steel and technology group; world leader in high-quality wire rod for automotive applications (valve springs, suspension springs, tire cord). voestalpine Draht GmbH in Leoben-Donawitz produces the spring steel wire rod that goes into virtually every European and many US/Japanese automotive valve springs. NYSE-listed ADR; Vienna Stock Exchange.