According to the research report, “Global Steel Wire Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 97 Billion by 2029, increasing from USD 69.21 Billion in 2023. The market is expected to grow with a 5.84% CAGR from 2024 to 2029.

Top Six Compaies in the Steel Wire Market

ArcelorMittal S.A: ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City.  ArcelorMittal has steel-making operations in 15 countries, including 37 integrated and mini-mill steel-making facilities.  The company’s portfolio of products includes flat steel, including sheet and plate, and long steel, including bars, rods and structural shapes. It also produces pipes and tubes for various applications and mining products, including iron ore lump, fines, concentrate and sinter feed, coking, pulverized coal injection (PCI) and thermal coal. o. The Company’s patent portfolio includes more than 12,870 patents and patent applications, mostly recent and medium-term, for more than 831 patent families, with 103 inventions newly-protected in 2023

• Established: 2006

• Headquarters:  Luxembourg

• Employees: 126,56

• Revenue: USD 68,275  Million 

JFE Holdings, Inc: JFE Holdings, Inc. operates as a holding company which established through the merger of NKK Corp and Kawasaki Steel Corp.Its produces and sells steel products such as sheets, plates, shapes, pipes and tubes, stainless and specialty steels, electrical steels, bars and wire rods, iron powders. JFE imports and exports iron ore, coal, and various machineries for steel works. The company also provides services such as electronic solutions, energy solutions, environment services, equipment and waste methane fermentation and related services, operation, and maintenance of treatment plants.

• Established: 2002

• Headquarters:  Tokyo, Japan

• Employees: 64,296

• Revenue: 5,174,000  Million Yen

Nippon Steel Corporation: Nippon Steel Corporation manufactures steel products. It produces and fabricates steel and related products for various industrial applications. Its product portfolio includes flat products, structural steel, bar and wire rod, pipes and tubes, steel plates, fabrications products, railway automotive and machinery parts, and titanium and specialty stainless steel products. The company also carries out engineering, chemical, new materials business and system solution activities.In Japan, Company has six steelworks with 13 manufacturing bases, which Company call areas, as well as group companies’ bases of electric arc furnace steelmaking and secondary processing of steel products.

• Established: 2012

• Headquarters:  Tokyo, Japan

• Employees: 106,528

• Revenue: 8,868,097  Million Yen

 NV Bekaert SA: It offers products including steel wire products, tire cord, heating cord, steel fiber, welded mesh, window film, fencing products, wire for kitchen utensils and shovel ropes. The company also offers coating technologies such as extrusion of polymers, electro deposition cladding, lacquering, hot dip and powder coating. Bekaert operates 69 production plants (including subsidiaries and joint ventures) in 23 different countries in EMEA, North America, Latin America and Asia-Pacific. 

• Established: 1980

• Headquarters:  Zwevegem, Belgium

• Employees: 27,000

• Revenue: 4,328  Million Euro

Voestalpine AG: voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. Over 700 voestalpine employees work in research around the world, helping to create and test new product solutions, and bring them to market. Its products include steel strips and plates; and special products such as steel-long products, narrow strip, tool steel, high-speed steel, electrogalvanized steel strip and special steel forgings. It also manufactures custom tubes and sections, and precision steel tubes. Voestalpine serves various industries including automotive, aerospace, railway, construction, civil and mechanical engineering, and energy, among others.

• Established: 1938

• Headquarters:  Linz, Austria

• Employees: 50,374

• Revenue:18,255  Million Euro

POSCO: POSCO Holdings Inc. operates steel processing businesses.The company offers hot rolled and cold rolled products, wire rods, plates, silicon steel sheets and stainless-steel products for automotive, shipbuilding, home appliance, engineering, and machinery industries. POSCO also offers planning, designing and construction of industrial plants, civil engineering projects, and commercial and residential buildings. POSCO GROUP is a leading provider of eco-friendly future materials that builds a greener and more sustainable future.

• Established: 1968

• Headquarters:  Pohang-si, South Korea

• Employees: 36,619

• Revenue: 77,056,549  Million Korean Won