Shanghai steel futures fell to a near 1-month low below 4,800 yuan a tonne, tracking lower iron ore prices after top economic planning agency said it will probe malicious speculation. Also, the off-peak season has gradually arrived and consumption declined significantly while production remains robust. China’s crude steel output surged 13.9% from a year earlier in the January-May period despite constant pledges from the country to curb production based on carbon emissions, pollutant discharges and energy consumption. Considering May alone, production went up 6.6% on the year, easing from a 13.4% rise in April. The steel market has been under pressure due to China's efforts to limit soaring commodity prices after cost of steel rallied to an all-time high of 5,975 yuan per tonne on May 11th. Meantime, China started inspecting steel mills in mid-June to verify if outdated plants have been eliminated and if environmental and energy-consumption standards are being implemented.

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

Steel is expected to trade at 5166.29 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 5764.51 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
73.0700 0.59 -0.80% 1.32% 10.63% 50.60% Jun/22
Brent
USD/Bbl
74.6600 0.24 -0.32% 0.91% 9.06% 44.13% Jun/22
Natural gas
USD/MMBtu
3.2610 0.07 2.19% 0.65% 12.99% 28.44% Jun/22
Gasoline
USD/Gal
2.2146 0.02 0.81% 2.03% 4.58% 57.05% Jun/22
Heating oil
USD/Gal
2.1432 0.02 0.77% 1.46% 4.96% 44.42% Jun/22
Ethanol
USD/Gal
2.4600 0.00 0.00% 0.00% 4.68% 71.67% Jun/21
Naphtha
USD/T
628.36 3.47 0.56% 1.48% 6.27% 45.22% Jun/21
Propane
USD/Gal
0.96 0.00 0.40% 1.93% 16.59% 48.06% Jun/21
Uranium
USD/Lbs
32.6000 0.20 0.62% 0.31% 4.65% 6.19% Jun/21
Methanol
CNY
2,526.00 49.00 1.98% -2.81% -2.06% 4.55% Jun/22

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,776.97 5.98 -0.34% -4.40% -5.53% -6.30% Jun/22
Silver
USD/t.oz
25.810 0.13 -0.50% -6.61% -7.16% -2.08% Jun/22
Platinum
USD/t.oz
1,076.95 23.74 2.25% -6.62% -8.28% 1.03% Jun/22

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,396.7500 18.00 -1.27% -4.71% -8.27% 6.89% Jun/22
Wheat
USd/Bu
654.2500 7.00 -1.06% -1.10% -1.21% 2.15% Jun/22
Lumber
USD/1000 board feet
890.50 42.00 -4.50% -11.82% -38.12% 1.99% Jun/22
Cheese
USD/Lbs
1.6500 0.00 -0.24% 0.06% -9.19% 0.24% Jun/22
Palm Oil
MYR/T
3,390.00 1.00 -0.03% -5.31% -12.85% -5.83% Jun/22
Milk
USD/CWT
17.32 0.01 0.06% 0.41% -8.60% 9.62% Jun/22
Rubber
JPY/Kg
239.10 1.70 -0.71% -3.55% -7.79% -11.05% Jun/22
Cocoa
USD/T
2,360.00 52.00 2.25% -0.55% -1.21% -9.34% Jun/22
Oat
USd/Bu
361.0000 2.50 -0.69% -1.23% 1.05% 0.07% Jun/22
Coffee
USd/Lbs
151.50 0.85 -0.56% 0.20% 1.68% 18.13% Jun/22
Sugar
USd/Lbs
16.47 0.31 -1.85% -3.40% -2.14% 6.33% Jun/22
Orange Juice
USd/Lbs
118.25 1.05 0.90% 1.33% 1.03% -4.06% Jun/22
Rice
USD/cwt
13.3800 0.72 5.66% 8.69% 1.75% 9.31% Jun/22
Canola
CAD/T
737.70 10.40 -1.39% -12.79% -15.98% 17.19% Jun/22
Cotton
USd/Lbs
84.31 0.22 0.26% -1.14% 1.80% 7.92% Jun/22
Wool
AUD/100Kg
1,448.00 0.00 0.00% 3.95% 10.11% 23.66% Jun/21
Tea
USD/Kgs
2.83 0.00 0.00% -11.29% -6.29% -1.39% Jun/21
Corn
USd/BU
663.2500 4.25 0.64% -0.64% 0.91% 37.04% Jun/22

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.61 0.01 -0.05% -1.25% 5.21% 13.62% Jun/21
Poultry
BRL/Kgs
7.36 0.00 0.00% 0.55% 4.40% 22.46% Jun/21
Live Cattle
USd/Lbs
123.3750 2.40 1.98% 1.77% 5.67% 7.26% Jun/22
Lean Hogs
USd/Lbs
107.5750 0.53 0.49% -9.22% -5.09% 53.08% Jun/22
Feeder Cattle
USd/Lbs
159.2000 4.13 2.66% 1.51% 16.82% 14.57% Jun/22

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.2250 0.04 0.90% -2.65% -6.97% 20.06% Jun/22
Coal
USD/T
120.00 1.00 0.84% 1.69% 14.61% 47.75% Jun/22
Steel
CNY/T
4,771.00 103.00 -2.11% -1.75% -3.81% 13.06% Jun/22
Iron Ore
USD/T
210.50 7.00 -3.22% -4.75% 10.21% 32.81% Jun/21
Lithium
CNY/T
89,000.00 0.00 0.00% 0.00% 0.00% 91.40% Jun/22
Bitumen
CNY/T
3,272.00 86.00 2.70% 1.18% 4.60% 37.36% Jun/22
Palladium
USD/t.oz
2,558.54 26.70 -1.03% -7.39% -6.22% 4.53% Jun/22
Aluminum
USD/T
2,414.00 13.00 0.54% -1.70% 0.96% 21.87% Jun/22
Tin
USD/T
30,175.00 60.00 0.20% -3.36% 2.33% 48.54% Jun/22
Zinc
USD/T
2,841.75 1.75 0.06% -5.78% -3.65% 3.30% Jun/22
Cobalt
USD/T
44,540.00 0.00 0.00% 4.71% 2.04% 38.37% Jun/21
Lead
USD/T
2,148.30 3.05 0.14% -2.00% 1.08% 8.73% Jun/21
Nickel
USD/T
17,427.75 301.75 1.76% -5.54% 2.04% 5.28% Jun/21
Molybdenum
USD/Kg
50.50 0.00 0.00% 45.32% 74.14% 114.89% Jun/21
Gallium
CNY/Kg
2,145.00 0.00 0.00% 0.00% 0.47% 23.28% Jun/21
Germanium
CNY/Kg
7,550.00 0.00 0.00% 0.67% 2.03% 6.34% Jun/21
Manganese
CNY/T
32.25 0.00 0.00% 0.00% 0.00% 3.20% Jun/21
Indium
CNY/Kg
1,145.00 0.00 0.00% -0.87% -5.76% -3.78% Jun/21
Soda Ash
CNY/T
1,846.00 0.00 0.00% 0.00% 5.49% 37.76% Jun/22
Iron Ore 62% fe
USD/T
213.45 0.70 0.33% -0.24% 2.52% 36.97% Jun/22
Neodymium
CNY/T
590,000.00 0.00 0.00% -2.07% -4.07% -5.22% Jun/21
Tellurium
CNY/Kg
582.50 0.00 0.00% 0.00% 0.87% 25.27% Jun/21
Rhodium
USD/t oz.
21,200.00 800.00 -3.64% -4.93% -22.20% 24.71% Jun/21

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
220.91 2.13 0.97% -1.50% 2.42% 23.90% Jun/21
LME Index
Index Points
4,015.70 22.70 0.57% -6.41% -4.39% 17.61% Jun/21
S&P GSCI
Index Points
2,547.10 26.62 1.06% -0.76% 3.25% 28.84% Jun/21
EU Carbon Permits
EUR
53.45 1.03 1.96% 3.99% 1.29% 63.36% Jun/22
Wind Energy Index
USD
354.21 3.02 0.86% -1.26% -0.08% -6.82% Jun/22
Nuclear Energy Index
USD
1,355.16 1.09 -0.08% -3.76% -2.55% 7.86% Jun/22
Solar Energy Index
USD
398.63 0.62 0.16% 3.21% 6.72% -14.59% Jun/22