The cost of raw materials used to produce Steel wire, particularly steel billets or rods, has a significant impact on its price. Fluctuations in the prices of iron ore, coal, and other inputs used in steel production can affect the cost of steel wire. The balance between the supply and demand for steel wire is a crucial factor in determining its price. Increased demand for steel wire, driven by construction, manufacturing, or other industries, can drive prices up. Conversely, if the supply outpaces demand, it can put downward pressure on prices.

The overall state of the global economy, including economic growth, inflation, and market confidence, can indirectly affect the price of steel wire. Economic downturns or periods of weak economic performance can reduce demand for steel wire and put downward pressure on prices. Government regulations and policies, such as taxes, duties, subsidies, and environmental regulations, can impact the cost structure and pricing of steel wire. Changes in regulations related to labor, safety, environmental compliance, or energy consumption can affect production costs and, consequently, prices. It's important to note that the relative importance and impact of these factors can vary over time and across different regions. The steel industry is complex and influenced by a multitude of interconnected factors, making it challenging to isolate the impact of each factor on the price of steel wire.

Rod wire is one of the most widely used tools in various industries such as carpentry, handicrafts, technical affairs and so on. This material can be used both directly and indirectly in the production of other products. Rod wire is made of only one strand. These wires are very soft and flexible and at the same time have high resistance and they are mentioned as one of the important industrial tools. Rod wires are divided into two types of fabric wires and non-fabric wires, the first type is caused by the tension and thinning of the round rod and the second type is made of Metal belts. In general, there are different types of wire.

In another category, these wires are divided into two categories: black and white rod wire, which we will discuss below:
Black wire (reinforcing wire): Black wire is created during the process of stretching and heating at temperatures above 900 ° C, and this makes this type of wire flexible and soft. Black wire is marketed as coiled or twisted and is easily portable. Wire is classified into two types in terms of production method, which are fabric wire and tensile wire. Fabric wire, as its name implies, is directly produced in the factory. This type of wire is produced in the factory using hot rolling process and is offered in the market in the same way.

But in the case of tensile wire, after the billets are made of mild steel, they are placed in special rolling machines for tensile wire and gradually cold tensing operations are applied on it. The frequency of cold tensile operations depends on the final desired thickness of the production wire. The thinner the wire, the more cold traction is required. Although the cold drawing process is not unlike extrusion or work output, because the mold and press machine is used to roll the wire, it is practically called rolled wire or tension wire.

Steel wire is often traded internationally, and currency exchange rates can impact pricing. Fluctuations in exchange rates between the currencies of steel-producing regions and the regions where steel wire is consumed can affect import and export prices. Trade policies, including tariffs and import/export regulations, can influence the pricing of steel wire. Imposition of tariffs or trade restrictions on steel imports can affect the availability and pricing of steel wire in certain markets. Additionally, trade agreements or preferential trade arrangements can impact pricing dynamics.

The cost of manufacturing steel wire, including labor, energy, and other production expenses, can affect its price. Factors such as wages, operational efficiency, technological advancements, and economies of scale can influence production costs and, consequently, the pricing of steel wire. The level of competition among steel wire manufacturers can impact pricing. Intense competition may lead to price adjustments as manufacturers strive to attract customers, gain market share, or maintain profitability. Market concentration, the presence of dominant players, and import/export dynamics can influence competitive pressures and pricing strategies.