High-quality low carbon steel serves as the base material for galvanized iron wire, a securely-coated product with remarkable resistance to corrosion and suppleness. Galvanized iron wire is prized for its prevalent use in construction, fencing along roads and farms, artwork, crafts, wrapping – the list goes on and on. To meet this demand, its pricing must be considered among those requiring it.
When it comes to the pricing of galvanized iron wire, there is more than meets the eye. The type of material used, the thickness of the wire, and the amount of zinc coating are all factors which contribute to the cost of the product. Low carbon steel wire and high carbon steel wire are usually used, with a diameter ranging between 0.4-4.0mm. The zinc coating usually consists of 30-300g/m2, meaning that the cost of galvanized iron wires with different makings can be quite varied.
The cost of galvanized iron wire has seen a dramatic growth in recent years, due primarily to the ever-rising value of its raw materials – particularly iron ore. This is only the start, however, as the prices of associated inputs such as coal and zinc have also followed a comparable trend. All of these elements culminate in the rising expenses for galvanized iron wire production.
A restricted supply of essential materials has been an important factor in the inflated cost of galvanized iron wire. Production from major iron ore producers has waivered in recent years, causing a decrease in availability and an uptick in global demand for the material. This has resulted in a higher price for galvanized iron wire.
The skyrocketing price of galvanized iron wire has inflicted an undue burden on downstream industries and end users alike. The increased cost of production has gone hand-in-hand with the sharp rise in the price of manufactured goods, effectively pricing out segments of the population unable to afford the new prices. Ultimately, it is both the downstream industries and their loyal consumers who have been forced to bear the brunt of this climb.
Post time: 2023-07-03