Shanghai steel futures dropped to CNY 5,400 a tonne in mid-September after poor economic data from China added to concerns about slowing global growth and weakening demand for the raw material. The country's industrial output and retail sales rose less than expected in August; while the monthly crude steel production slipped for the third straight month to 83.24 million tonnes, sending average daily output to the lowest since March 2020. Earlier in the month, steel touched its highest level since end-July, due to concerns about global supply.

Historically, Steel reached an all time high of 6198 in May of 2021. Steel - data, forecasts, historical chart - was last updated on September of 2021.

Steel is expected to trade at 5484.92 Yuan/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5148.24 in 12 months time.

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Steel


Steel
Steel Rebar is mostly traded on the Shanghai Futures Exchange and London Metal Exchange. The standard future contract is 10 tons. Steel is one of the world’s most important materials used in construction, cars and all sorts of machines and appliances. By far the biggest producer of crude steel is China, followed by European Union, Japan, United States, India, Russia and South Korea. The steel prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our steel prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Energy Price Day % Weekly Monthly YTD Date
Crude Oil
USD/Bbl
72.7000 2.2400 3.18% 4.91% 8.04% 49.84% Sep/15
Brent
USD/Bbl
75.5600 1.9600 2.66% 4.08% 8.70% 45.87% Sep/15
Natural gas
USD/MMBtu
5.4480 0.1880 3.57% 10.87% 38.06% 114.57% Sep/15
Gasoline
USD/Gal
2.2076 0.0352 1.62% 3.54% 0.30% 56.56% Sep/15
Heating oil
USD/Gal
2.2062 0.0449 2.08% 3.27% 7.71% 48.67% Sep/15
Ethanol
USD/Gal
2.2070 0.0000 0.00% 0.00% -0.59% 54.01% Sep/15
Naphtha
USD/T
664.75 0.7370 0.11% 2.25% 2.66% 53.63% Sep/14
Propane
USD/Gal
1.23 0.0090 0.74% 3.65% 9.44% 90.55% Sep/14
Uranium
USD/Lbs
44.9000 0.7500 1.70% 12.11% 48.18% 46.25% Sep/14
Methanol
CNY
2,919.00 28.0000 0.97% 0.07% 8.76% 20.82% Sep/15

Metals Price Day % Weekly Monthly YTD Date
Gold
USD/t.oz
1,792.03 12.2355 -0.68% 0.17% 0.27% -5.51% Sep/15
Silver
USD/t.oz
23.774 0.0595 -0.25% -0.78% -0.21% -9.80% Sep/15
Platinum
USD/t.oz
933.65 5.5177 -0.59% -4.72% -8.68% -12.41% Sep/15

Agricultural Price Day % Weekly Monthly YTD Date
Soybeans
USd/Bu
1,295.0000 12.5000 0.97% 1.91% -5.89% -0.90% Sep/15
Wheat
USd/Bu
711.7500 11.0000 1.57% 1.93% -6.41% 11.12% Sep/15
Lumber
USD/1000 board feet
454.40 16.6000 -3.52% -8.66% -3.50% -47.96% Sep/15
Palm Oil
MYR/T
4,438.00 98.0000 2.26% -0.89% -0.20% 23.28% Sep/15
Cheese
USD/Lbs
1.6500 0.0010 -0.06% -0.48% 3.58% 0.24% Sep/15
Milk
USD/CWT
16.59 0.0000 0.00% -0.84% 2.72% 5.00% Sep/15
Rubber
JPY/Kg
188.40 0.1000 -0.05% -0.16% -10.92% -29.91% Sep/15
Orange Juice
USd/Lbs
144.90 3.2500 2.29% 0.63% 10.32% 17.57% Sep/15
Coffee
USd/Lbs
183.00 1.3500 -0.73% -2.53% -0.11% 42.69% Sep/15
Cotton
USd/Lbs
94.64 0.3200 -0.34% -1.25% -0.22% 21.15% Sep/15
Cocoa
USD/T
2,703.00 7.0000 0.26% -0.88% 6.25% 3.84% Sep/15
Rice
USD/cwt
13.7900 0.1550 1.14% 5.59% 1.77% 12.66% Sep/15
Canola
CAD/T
880.10 7.8000 0.89% -0.16% -3.54% 39.81% Sep/15
Oat
USd/Bu
520.2500 5.2500 1.02% 5.10% 4.05% 44.21% Sep/15
Wool
AUD/100Kg
1,345.00 16.0000 -1.18% -1.18% -1.97% 14.86% Sep/14
Sugar
USd/Lbs
19.58 0.6200 3.27% 0.46% -2.25% 26.40% Sep/15
Tea
USD/Kgs
3.28 0.0000 0.00% 2.82% 14.69% 14.29% Sep/14
Corn
USd/BU
534.0000 13.7500 2.64% 7.18% -5.44% 10.33% Sep/15

Livestock Price Day % Weekly Monthly YTD Date
Beef
BRL/Kg
20.60 0.1600 0.78% 2.23% 1.98% 13.56% Sep/14
Feeder Cattle
USd/Lbs
155.3000 0.0250 0.02% -0.62% -1.21% 11.77% Sep/15
Live Cattle
USd/Lbs
124.0000 0.1250 -0.10% 0.73% 0.38% 7.80% Sep/15
Lean Hogs
USd/Lbs
82.0500 1.6750 2.08% -6.09% -7.81% 16.76% Sep/15
Poultry
BRL/Kgs
8.45 0.0300 0.36% 2.18% 1.08% 40.60% Sep/14

Industrial Price Day % Weekly Monthly YTD Date
Copper
USD/Lbs
4.3980 0.0800 1.85% 3.92% 1.76% 24.98% Sep/15
Coal
USD/T
177.45 0.0500 -0.03% 0.14% 2.34% 120.43% Sep/14
Steel
CNY/T
5,400.00 172.0000 -3.09% -0.24% 1.96% 27.96% Sep/15
Iron Ore
USD/T
123.00 2.0000 -1.60% -9.89% -23.36% -22.40% Sep/14
Lithium
CNY/T
92,500.00 0.0000 0.00% 0.00% 0.00% 98.92% Sep/15
Bitumen
CNY/T
3,030.00 20.0000 0.66% 2.16% -1.69% 27.20% Sep/15
Cobalt
USD/T
51,500.00 0.0000 0.00% 1.30% -1.90% 59.99% Sep/14
Lead
USD/T
2,275.00 20.2500 -0.88% -2.67% -6.46% 15.15% Sep/14
Aluminum
USD/T
2,893.50 65.5000 2.32% 4.11% 11.38% 46.08% Sep/15
Tin
USD/T
33,980.00 412.5000 1.23% 4.88% -4.80% 67.27% Sep/15
Zinc
USD/T
3,075.00 32.2500 1.06% 0.77% 1.53% 11.78% Sep/15
Nickel
USD/T
19,638.50 122.5000 -0.62% 0.61% 0.72% 18.64% Sep/14
Molybdenum
USD/Kg
46.25 0.0000 0.00% 8.95% 8.95% 96.81% Sep/14
Palladium
USD/t.oz
2,004.39 25.8325 1.31% -10.97% -23.08% -18.11% Sep/15
Rhodium
USD/t oz.
14,000.00 1,500.0000 -9.68% -17.65% -26.32% -17.65% Sep/14
Gallium
CNY/Kg
1,925.00 0.0000 0.00% 0.00% 0.26% 10.63% Sep/14
Germanium
CNY/Kg
8,650.00 0.0000 0.00% 0.00% 2.37% 21.83% Sep/14
Manganese
CNY/T
34.50 0.0000 0.00% 0.00% 5.34% 10.40% Sep/14
Indium
CNY/Kg
1,700.00 0.0000 0.00% -5.56% 28.30% 42.86% Sep/14
Soda Ash
CNY/T
2,375.00 0.0000 0.00% 1.60% 8.57% 77.24% Sep/15
Neodymium
CNY/T
765,000.00 0.0000 0.00% 0.00% -1.92% 22.89% Sep/14
Tellurium
CNY/Kg
527.50 0.0000 0.00% 0.00% -3.65% 13.44% Sep/14
Iron Ore 62% fe
USD/T
124.16 3.9500 -3.08% -8.41% -25.63% -20.33% Sep/15

Index Price Day % Weekly Monthly YTD Date
CRB Index
Index Points
235.45 0.3450 0.15% 1.66% 2.58% 32.06% Sep/14
LME Index
Index Points
4,310.70 59.7000 -1.37% 1.46% 1.43% 26.25% Sep/14
S&P GSCI
Index Points
2,616.86 3.9560 0.15% 1.95% 2.85% 32.37% Sep/14
Nuclear Energy Index
USD
1,415.10 4.0500 0.29% 1.12% 5.06% 12.63% Sep/15
Solar Energy Index
USD
426.00 1.5600 -0.36% -0.16% 5.83% -8.73% Sep/15
EU Carbon Permits
EUR
59.43 0.4200 -0.70% -4.84% 2.18% 81.63% Sep/15
Wind Energy Index
USD
357.21 4.5260 -1.25% -2.17% 1.30% -6.03% Sep/15