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Nonelectric Iron & Steel Wire


ProcurementIQ’s Nonelectric Iron & Steel Wire procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Nonelectric Iron & Steel Wire to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Nonelectric Iron & Steel Wire - Recent Price Trend

In the three years to 2018, the average price of nonelectric iron and steel wire has been increasing at an estimated annualized rate of 2.5% to $41.10 per 100 pounds. Demand from the construction and industrial sectors has strengthened due to consistent economic growth. Additionally, rising steel prices have caused production costs to increase for many suppliers thus pushing prices.

Nonelectric Iron & Steel Wire - Total Cost of Ownership

The total cost of ownership for iron and steel wire is very low. There are few direct costs associated with owning wires, and no hidden costs linked with the product. Iron and steel wire is usually packaged in tightly bound spools and does not require much warehouse space for storage. Wires made from high-carbon steel are known for their high tensile strength and can have a long lifetime usage.

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About this Report

This report is intended to assist buyers of nonelectric iron and steel wire for construction and industrial applications. This report includes low and high-carbon, hand-drawn and stainless steel wire, as well as wires that are stranded, oil-tempered or used in prestressed concrete applications. Key buyers include oil extraction firms and construction and manufacturing companies. Suppliers include manufacturers, wholesalers and retailers. This report does not include wire ropes used for suspension, lifting or towing. 

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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