Producer Price Index for steel wire, drawn from steel wire rod and sold to fastener, mesh, spring, and cable makers.
391.099+1.1% m/m+4.5% y/y+10.9% 5y
Sep 2026 value · Next print expected around Nov 2026 · Source: BLS
Price history
Sep 2026 · latest391.099+10.9%since Sep 2021
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Range
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Month
Value
Change m/m
Sep 2026
+1.1%
Aug 2026
+0.3%
Jul 2026
+1.0%
Jun 2026
−0.5%
May 2026
−0.6%
Apr 2026
+1.6%
Mar 2026
+0.9%
Feb 2026
+0.4%
Jan 2026
+0.1%
Dec 2025
+0.3%
Nov 2025
−0.2%
Oct 2025
+0.1%
Sep 2025
+0.3%
Same numbers as the chart, straight from BLS. Dates are the first of each period, the way BLS reports them.
How it's built
Steel wire rose 4.5% over the last 12 months, but all of its main inputs rose faster: hot rolled steel bars, plates, and structural shapes +15.0%. That cost pressure may still pass through to prices.
Steel Wire against the hot rolled steel price index, both set to 100 in the first month they share
Sep 2026WPU101705 166Hot rolled steel price index 186
Sources: WPU101705 (Steel Wire); BLS WPU101704.
Since 2016, this index has followed the hot rolled steel price index in the same month and moved about two thirds as far as it over a year.
Over the 12 months to Sep 2026, the hot rolled steel price index rose 15.0% and this index rose 4.5%.
Key figures
Since Dec 2016
+67.7%
233.2 to 391.1
12-month volatility
±0.6%
std. dev. of monthly change
Largest monthly rise
+7.0%
Apr 2021
10% cap would bind
1 of 36
months, annual base reset
From Dec 2016 to Sep 2026 the index went from 233.2 to 391.1, a change of +67.7%.
Highest reading in that period: 441.9 in Aug 2022. Lowest: 233.2 in Dec 2016.
Largest one-month rise: +7.0% in Apr 2021. Largest one-month fall: -2.4% in Jul 2023.
For a clause that resets its base every year, a 10% cap or floor would have limited the adjustment in 1 of the last 36 months.
Use it in a contract
Draft clause citing this series
A starting point citing this series by name and code. Replace the bracketed terms with your contract's actual scope before use.
The [affected portion] of the Contract Price shall be adjusted using US PPI — Steel Wire (BLS series WPU101705), published by BLS.
Base Period: the index value published for September 2026 (or the month of contract signing, if different) is the Base Value.
Adjustment: at each Adjustment Date, the Current Value is the most recently published three-month average of the index (the Averaging Window). The Escalation Factor equals Current Value divided by Base Value.
Cap: the Escalation Factor applied under this clause shall not exceed 1.10 or fall below 0.90 (a 10% cap and floor) in any single Adjustment Date, regardless of the index's actual movement.
[Replace bracketed terms with your contract's actual affected-portion definition and adjustment-date schedule before use. This is a drafting starting point, not legal advice.]
Used in supply contracts for drawn wire and wire products. It follows mill steel but with a smaller swing, so a clause tied to a hot rolled series can over-adjust compared with the wire invoice.
Divide the current value of BLS series WPU101705 (Steel Wire) by its value at contract signing, then apply that ratio to the steel wire part of the price. A usable clause also names an averaging window, a rule for revised values and missing months, and a cap.
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