Steel prices have been hovering around 3,620 Yuan/MT in October, marginally above September’s three-month low of 3,607 Yuan/MT, pressured by weak demand from European mills amid a global drop in car sales. Still, prices are expected to recover later this year amid continued robust demand from the construction and manufacturing industry in China.

Historically, Steel reached an all time high of 4960 in October of 2018. Steel - data, forecasts, historical chart - was last updated on October of 2020.

Steel is expected to trade at 3395.35 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 2776.26 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
 40.7900 0.04 -0.10% 1.47% 3.76% -33.34% Oct/20
Brent
USD/Bbl
 42.5000 0.12 -0.28% 0.12% 2.56% -35.99% Oct/20
Natural gas
USD/MMBtu
2.9050 0.11 3.97% 1.75% 55.10% 35.22% Oct/20
Gasoline
USD/Gal
 1.1671 0.01 0.74% -0.94% -1.59% -32.02% Oct/20
Heating oil
USD/Gal
 1.1571 0.02 -1.56% -0.27% 3.84% -42.89% Oct/20
Ethanol
USD/Gal
 1.4690 0.37 33.55% 4.93% 10.87% 5.15% Oct/20
Naphtha
USD/T
 380.29 2.76 -0.72% -0.95% 3.61% -29.07% Oct/19
Propane
USD/Gal
 0.52 0.00 -0.21% 1.54% 6.36% 17.62% Oct/19
Uranium
USD/Lbs
 29.3000 0.05 0.17% -0.51% -2.50% 17.91% Oct/19

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
 1,904.50 0.23 0.01% 0.72% -0.42% 24.62% Oct/20
Silver
USD/t.oz
 24.530 0.03 0.12% 1.49% -0.81% 36.13% Oct/20
Platinum
USD/t.oz
 858.04 1.58 0.18% -0.80% -2.64% -10.90% Oct/20

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
 1,059.5000 8.75 0.83% 2.49% 3.69% 10.70% Oct/20
Wheat
USd/Bu
 628.7500 2.25 0.36% 5.54% 13.49% 12.00% Oct/20
Cheese
USD/Lbs
 2.2730 0.00 -0.04% 1.84% 29.44% 26.00% Oct/19
Palm Oil
MYR/T
 2,542.00 40.00 1.60% -5.08% -5.57% -8.10% Oct/20
Milk
USD/CWT
 21.42 0.04 0.19% 1.18% 31.73% 25.56% Oct/19
Wool
AUD/100Kg
 1,117.00 0.00 0.00% 9.30% 19.21% -28.31% Oct/19
Tea
USD/Kgs
 2.68 0.00 0.00% 0.00% -16.51% 7.20% Oct/19
Oat
USd/Bu
 296.0000 0.75 0.25% 3.41% 5.06% -0.67% Oct/19
Orange Juice
USd/Lbs
 116.85 1.75 1.52% -0.43% 0.99% 23.19% Oct/19
Lumber
USD/1000 board feet
 550.70 16.70 3.13% 2.78% -1.04% 35.41% Oct/19
Rubber
JPY/Kg
 243.20 2.10 0.87% 7.99% 11.61% 38.03% Oct/21
Rice
USD/cwt
 12.4250 0.03 -0.20% 1.55% 1.68% -3.94% Oct/20
Canola
CAD/T
 535.30 2.20 0.41% 1.90% 1.69% 13.53% Oct/20
Cotton
USd/Lbs
 71.55 0.39 0.55% 3.95% 12.09% 3.29% Oct/20
Coffee
USd/Lbs
 105.50 0.55 -0.52% -4.18% -5.80% -16.99% Oct/20
Sugar
USd/Lbs
 14.58 0.14 -0.95% 4.07% 16.18% 11.04% Oct/20
Cocoa
USD/T
2,393.00 32.00 -1.32% 0.50% -8.98% -5.49% Oct/20
Corn
USd/BU
 405.5000 3.00 0.75% 4.38% 9.59% 4.71% Oct/20

Livestock Price Day Weekly Monthly YTD Date
Live Cattle
USd/Lbs
 107.8500 0.50 -0.46% -1.46% 1.10% -14.11% Oct/16
Lean Hogs
USd/Lbs
 69.7250 8.68 -11.07% -10.55% 4.77% -2.55% Oct/16
Beef
BRL/Kg
 17.35 0.04 0.23% 0.99% 4.64% 20.65% Oct/19
Feeder Cattle
USd/Lbs
 134.6000 3.50 -2.53% -2.13% -4.61% -6.95% Oct/19
Poultry
BRL/Kgs
 6.12 0.03 -0.49% 2.17% 4.44% 14.39% Oct/19

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
 3.1155 0.06 1.90% 1.88% 2.64% 10.59% Oct/20
Lithium
CNY/T
 39,000.00 0.00 0.00% 0.00% -71.32% -21.21% Oct/20
Bitumen
CNY/T
 2,440.00 20.00 -0.81% 22.00% 1.84% -20.62% Oct/20
Steel
CNY/T
 3,631.00 14.00 -0.38% 0.58% 0.64% -2.97% Oct/19
Cobalt
USD/T
 33,305.00 0.00 0.00% -1.41% -2.62% 1.69% Oct/19
Lead
USD/T
 1,737.75 5.00 0.29% -5.37% -6.75% -9.18% Oct/19
Nickel
USD/T
 15,635.00 26.75 0.17% 3.44% 7.89% 12.08% Oct/19
Molybdenum
USD/Kg
 20.70 0.00 0.00% 0.00% -1.33% -6.12% Oct/19
Iron Ore
USD/T
 118.50 0.00 0.00% -4.44% -1.66% 28.80% Oct/19
Coal
USD/T
 58.25 0.00 0.00% 7.87% -2.54% -16.40% Oct/20
Palladium
USD/t.oz
 2,351.80 8.37 0.36% 1.56% 3.44% 21.26% Oct/20
Aluminum
USD/T
 1,847.75 6.55 0.36% -0.30% 5.30% 2.40% Oct/20
Tin
USD/T
 18,572.50 25.00 -0.13% 1.73% 2.92% 8.04% Oct/20
Zinc
USD/T
 2,515.00 30.00 1.21% 4.39% 1.72% 8.87% Oct/20
Soda Ash
CNY/T
 1,883.33 0.00 0.00% 0.00% 15.31% 20.21% Oct/20
Manganese
CNY/T
 30.00 0.25 -0.83% -1.64% -4.00% -4.76% Oct/19
Neodymium
CNY/T
 433,000.00 0.00 0.00% 0.00% -4.20% 19.61% Oct/19
Iron Ore 62% fe
USD/T
 121.5300 0.09 0.07% -1.40% -3.56% 31.27% Oct/19
Rhodium
USD/t oz.
 13,800.00 50.00 -0.36% 2.22% -2.82% 128.10% Oct/19

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
 1,409.00 68.00 -4.60% -22.03% 7.23% 44.36% Oct/19
CRB Index
Index Points
 161.07 0.14 0.09% 1.21% 2.57% -18.09% Oct/19
LME Index
Index Points
 3,058.00 12.40 0.41% 0.68% 2.09% 7.55% Oct/19
S&P GSCI
Index Points
 1,769.38 2.28 -0.13% 1.61% 3.30% -31.73% Oct/19