steel wire
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Steel wire is a type of wire made from steel. It is used in a variety of applications, including construction, manufacturing, and transportation. Steel wire is also used in the import and export trade.
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The global steel wire market is expected to grow at a CAGR of 5.5% from 2022 to 2027. The growth of the market is driven by the increasing demand for steel wire in the construction, manufacturing, and transportation industries.
The major exporters of steel wire are China, India, and Japan. The major importers of steel wire are the United States, the European Union, and South Korea.
India is a major exporter of steel wire. In 2022, India exported 2.5 million tonnes of steel wire, valued at $2.5 billion. The main destinations for Indian steel wire exports are Germany, the Netherlands, and the United States.
The import of steel wire into India is also significant. In 2022, India imported 1.5 million tonnes of steel wire, valued at $1.5 billion. The main sources of steel wire imports into India are China, Japan, and South Korea.
The import and export of steel wire is a complex and competitive market. There are a number of factors that affect the supply and demand for steel wire, including the price of steel, the cost of transportation, and the regulatory environment.