The steel market recovered ground toward its record high of $5,172 yuan a tonne as strong demand and uncertainty about supply more than offset concerns over tighter government controls. Top steelmaking city Tangshan introduced rules requiring companies to either renovate or stop using older and more polluting blast furnaces and set a deadline of June to demonstrate reduced reductions or face fines. In March, the city government instructed most mills to cut production by 30% until the end of the year and told seven steelmakers to keep output half of full capacity until July. However, a construction frenzy has been boosting demand for the metal, and is likely to be spur by strong construction and manufacturing activities over the coming peak season. On the data front, recent figures showed China's steel exports jumped to a 4-year high and imports to the highest this year.

Historically, Steel reached an all time high of 5172 in April of 2021. Steel - data, forecasts, historical chart - was last updated on April of 2021.

Steel is expected to trade at 4808.28 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 3931.57 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
63.7500 0.29 0.46% 7.47% -1.32% 31.39% Apr/16
Brent
USD/Bbl
67.2400 0.30 0.45% 6.81% -1.12% 29.81% Apr/16
Natural gas
USD/MMBtu
2.6600 0.00 0.08% 5.30% 5.22% 4.77% Apr/16
Gasoline
USD/Gal
2.0587 0.01 0.34% 4.92% 0.57% 46.00% Apr/16
Heating oil
USD/Gal
1.9056 0.01 0.35% 5.42% -0.03% 28.41% Apr/16
Ethanol
USD/Gal
2.0100 0.01 0.50% 5.51% 11.73% 40.27% Apr/15
Naphtha
USD/T
558.33 3.89 0.70% 2.67% -5.50% 29.03% Apr/15
Propane
USD/Gal
0.82 0.00 0.15% -5.92% -12.99% 26.58% Apr/15
Uranium
USD/Lbs
29.7000 0.20 -0.67% -3.41% 1.19% -3.26% Apr/15

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,765.50 2.29 0.13% 1.29% 1.21% -6.91% Apr/16
Silver
USD/t.oz
25.886 0.03 0.10% 2.56% -1.71% -1.79% Apr/16
Platinum
USD/t.oz
1,198.03 5.13 0.43% -0.04% -1.25% 12.39% Apr/16

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,426.2500 8.00 0.56% 1.66% 0.60% 9.14% Apr/16
Wheat
USd/Bu
652.7500 1.00 -0.15% 2.19% 1.99% 1.91% Apr/16
Palm Oil
MYR/T
3,655.00 152.00 -3.99% -2.97% -7.16% 1.53% Apr/16
Cheese
USD/Lbs
1.6990 0.00 0.24% -0.70% 4.94% 3.22% Apr/15
Milk
USD/CWT
17.56 0.07 0.40% -0.40% 7.40% 11.14% Apr/15
Rubber
JPY/Kg
225.70 0.70 0.31% -2.59% -16.38% -16.03% Apr/16
Orange Juice
USd/Lbs
113.90 2.90 2.61% 4.21% -4.61% -7.59% Apr/15
Coffee
USd/Lbs
132.70 0.60 0.45% 3.79% 0.91% 3.47% Apr/15
Lumber
USD/1000 board feet
1,260.70 48.00 3.96% 13.95% 50.08% 44.39% Apr/15
Oat
USd/Bu
381.7500 0.25 -0.07% 2.14% 2.76% 5.82% Apr/16
Wool
AUD/100Kg
1,285.00 0.00 0.00% -1.15% -0.16% 9.74% Apr/15
Cotton
USd/Lbs
84.93 0.09 -0.11% 3.07% -1.83% 8.72% Apr/16
Cocoa
USD/T
2,413.00 8.00 -0.33% 2.46% -3.94% -7.30% Apr/15
Rice
USD/cwt
13.0400 0.01 -0.08% -0.38% -1.32% 6.54% Apr/16
Canola
CAD/T
828.90 0.40 -0.05% 2.21% 6.36% 31.68% Apr/16
Sugar
USd/Lbs
16.38 0.52 3.28% 7.91% 0.49% 5.75% Apr/15
Tea
USD/Kgs
2.70 0.05 1.89% 1.89% -11.18% -5.92% Apr/15
Corn
USd/BU
590.2500 0.25 0.04% 2.25% 5.78% 21.95% Apr/16

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.49 0.02 0.10% 0.84% 3.59% 12.95% Apr/15
Feeder Cattle
USd/Lbs
140.0500 1.10 -0.78% -4.81% 2.54% 0.79% Apr/15
Live Cattle
USd/Lbs
121.6000 0.50 -0.41% -2.05% 2.88% 5.72% Apr/15
Lean Hogs
USd/Lbs
103.5750 3.00 -2.81% 0.10% 11.49% 47.39% Apr/15
Poultry
BRL/Kgs
6.27 0.03 0.48% 0.97% -2.49% 4.33% Apr/15

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.2275 0.00 -0.07% 4.25% 2.41% 20.13% Apr/16
Lithium
CNY/T
90,000.00 0.00 0.00% 0.00% 5.88% 93.55% Apr/16
Bitumen
CNY/T
2,954.00 172.00 6.18% 6.26% -0.61% 24.01% Apr/15
Steel
CNY/T
5,135.00 7.00 -0.14% 0.43% 9.07% 21.68% Apr/15
Coal
USD/T
91.10 0.85 0.94% 3.23% 6.30% 12.16% Apr/15
Palladium
USD/t.oz
2,745.36 4.63 0.17% 4.02% 6.88% 12.16% Apr/16
Cobalt
USD/T
49,750.00 0.00 0.00% 0.00% -5.44% 54.55% Apr/15
Lead
USD/T
1,998.25 24.50 1.24% 1.91% 4.66% 1.14% Apr/15
Aluminum
USD/T
2,329.50 7.00 -0.30% 1.90% 6.09% 17.61% Apr/16
Tin
USD/T
26,417.50 40.00 -0.15% 2.53% 4.94% 30.04% Apr/16
Zinc
USD/T
2,855.00 13.25 -0.46% -0.24% 2.06% 3.78% Apr/16
Nickel
USD/T
16,321.25 13.25 -0.08% -2.75% 1.34% -1.40% Apr/15
Molybdenum
USD/Kg
28.05 0.00 0.00% 0.00% -2.43% 19.36% Apr/15
Iron Ore
USD/T
175.50 3.00 1.74% 3.54% 6.36% 10.73% Apr/15
Soda Ash
CNY/T
1,752.00 0.00 0.00% 0.00% 2.70% 30.75% Apr/15
Neodymium
CNY/T
740,000.00 0.00 0.00% -3.27% -13.45% 18.88% Apr/15
Iron Ore 62% fe
USD/T
173.01 1.59 0.93% 1.50% 2.82% 11.02% Apr/15
Rhodium
USD/t oz.
28,600.00 500.00 1.78% -1.72% 16.73% 68.24% Apr/15
Manganese
CNY/T
30.25 0.00 0.00% 0.83% -3.20% -3.20% Apr/15

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
206.02 1.50 0.73% 3.46% 0.22% 15.55% Apr/15
LME Index
Index Points
3,966.50 62.70 1.61% 2.15% 3.92% 16.17% Apr/15
S&P GSCI
Index Points
2,354.16 12.66 0.54% 3.69% 0.00% 19.08% Apr/15