East China's consumption accounts for 32%. Leading brands, environmental protection and intelligence drive the transformation.

I. Market Size: Steady Growth, Headline Expansion
In 2024, the industry showed a steady expansion trend. The market size of annealed iron wire reached 12.86 billion yuan, with a year-on-year growth of 6.7%. If calculated based on the proportion of the fire-resistant wire industry, the market size of black annealed wire was approximately 2.73 billion to 3.12 billion yuan. It is expected to increase to 2.975 billion to 3.4 billion yuan in 2025, with an average annual growth rate of around 8.5%. The price was driven by raw materials, with an average factory price of 4,200 yuan per ton in 2024, an increase of 4.2% compared to the previous year. In 2025, it is expected to slightly rise to 4,350 yuan per ton, with an increase of less than 3.5%, and the supply-demand situation remained stable. The export market continued to break through. In 2024, the export volume was 120,000 tons, and it is expected to increase to 135,000 tons in 2025, with Southeast Asia, the Middle East, and Africa as the core destinations.
II. Industry Structure: Regional Concentration, Leading Enterprises Rising
The production end showed a distinct "raw material dependent" distribution. Hebei had a 41.3% production share leading, followed by Shandong and Jiangsu, with the three provinces contributing nearly 80% of the national production capacity. In 2024, the production in Hebei reached 780,000 tons, while Jiangsu and Shandong were 620,000 tons and 550,000 tons respectively, forming a cluster relying on steel bases. In the enterprise competition, the leading effect was prominent. Hebei Jingde and Jiangsu Shagang led the way, with Hebei Jingde's production of 180,000 tons in 2024, accounting for 15% of the national total, and planning to expand production to over 200,000 tons in 2025; the market share of the top ten enterprises had reached 42.7%, an increase of 2.1 percentage points compared to the previous year.
III. Technological Upgrade: Environmental Protection Drives, Process Iteration
Environmental protection policies became the key driver for transformation. By the end of 2023, 67% of small and medium-sized enterprises had completed the transformation of coal-fired furnaces, switching to natural gas or electric heating equipment, with unit energy consumption decreasing by 12.7% compared to 2020. At the process level, the penetration rate of automated continuous annealing furnaces exceeded 40%, through precise control of temperatures of 600-750°C and oxidation atmospheres, to ensure the compactness of the ferric oxide film layer and improve the product ductility. After the implementation of GB/T 34567-2023 standard, online quality detection systems became standard, promoting the continuous increase of the proportion of high-value-added products.
IV. Demand Structure: Traditional Dominance, Emerging Breakthroughs
The construction industry remained the core demand field, accounting for 45% to 58% in 2024, mainly used for steel bar binding and scaffolding fixation. The Φ5.5mm specification, due to its strong adaptability, accounted for 58.2% of the consumption. The power industry accounted for approximately 20%, serving cable manufacturing and power grid construction. Meanwhile, emerging fields were accelerating their rise. New energy vehicles became an important growth pole. BYD has been using domestic high-strength annealed wire in the suspension system of electric vehicles, promoting the demand share in the mechanical manufacturing field to climb from 21% to 23%, becoming the second-largest application market.