The book Mathematical Physics by Eugene Butkov has, on Chapter 8, the equation for a held string (by held I mean with endpoints fixed and both at the same height) as being $$T\frac{\partial^2 u}{\partial x^2}+F(x)-\rho(x)g=\rho(x)\frac{\partial^2 u}{\partial t^2},$$ where $T$ is the tension, $F$ an external force, $\rho$ the density, $g$ gravity and $u$ transversal (vertical) displacement.
However, the book derives this equation assuming the string deforms little from the horizontal position and the tension is contant. Such assumptions are strong, I think.
Plus, for the stationary case $\frac{\partial u}{\partial t}=0$ it doesn't seem to differentiate between a string hanging by its own weight and a string being pulled by a constant force. And we know these two situations are different since the solution for them is a catenary and a parabola, respectively.
What is the exact equation for a held string?