Actual
3,009.00
Daily Change
-9.00 -0.30%
Monthly
-1.99%
Yearly
-4.66%
Q3 Forecast
3,004.43
Steel - Summary

Steel rebar futures in China rose toward CNY 3,020 per ton, rebounding from the one-year low of CNY 2,085 on August 3rd, tracking support for other ferrous metals amid a momentary dip in iron ore supply to Chinese furnaces. More workers joined BHP's Port Hedland strike in iron ore operations. The suspension in operations on the world's largest iron ore export hub added to threats on Sino-Australian trade amid rifts with China's state-backed commodity buying authority. Still, sluggish demand maintained steel prices down year-to-date. The latest data extended the trend China's property crisis, indicating that demand for rebar will remain week for major sector. The official construction PMI fell to a record low of 47 in July, and construction starts sank by 23.4% in June annually. Export options for mills were also limited due to protectionist policies by foreign governments against ample Chines capacity. Steel and iron product exports from China fell 4.4% in volume in the year to July.

Steel - Stats

Steel fell to 3,009 CNY/T on August 17, 2026, down 0.30% from the previous day. Over the past month, Steel's price has fallen 1.99%, and is down 4.66% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Steel reached an all time high of 6198 in May of 2021. Steel - data, forecasts, historical chart - was last updated on August 17 of 2026.

Steel - Forecast

Steel fell to 3,009 CNY/T on August 17, 2026, down 0.30% from the previous day. Over the past month, Steel's price has fallen 1.99%, and is down 4.66% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel is expected to trade at 3004.43 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 2913.28 in 12 months time.



Price Day Month Year Date
Gold 4,411.32 35.82 0.82% 10.06% 32.38% Aug/17
Silver 65.63 0.972 1.50% 16.39% 72.63% Aug/17
Copper 6.60 -0.0040 -0.06% 4.71% 47.89% Aug/17
Steel 3,009.00 -9.00 -0.30% -1.99% -4.66% Aug/17
Lithium 153,000.00 1500 0.99% 0.99% 84.99% Aug/17
Platinum 1,779.80 22.90 1.30% 10.96% 34.28% Aug/17
Iron Ore 94.95 -0.22 -0.23% -3.80% -6.56% Aug/17


Steel
Steel is one of the most important industrial materials globally, widely used in construction, infrastructure, transportation, and manufacturing. Its demand is closely linked to economic growth, industrial production, and investment in fixed assets. Steel products such as rebar are actively traded on exchanges including the Shanghai Futures Exchange and the London Metal Exchange (LME). Standard futures contracts, such as those for steel rebar, typically represent 10 metric tons. On the supply side, China is by far the largest producer of crude steel globally, followed by the European Union, Japan, the United States, India, Russia, and South Korea. Steel prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
3009.00 3018.00 6198.00 1580.00 2009 - 2026 Yuan/MT Daily

News Stream
Steel Rebounds from 1-Year Low
Steel rebar futures in China rose toward CNY 3,020 per ton, rebounding from the one-year low of CNY 2,085 on August 3rd, tracking support for other ferrous metals amid a momentary dip in iron ore supply to Chinese furnaces. More workers joined BHP's Port Hedland strike in iron ore operations. The suspension in operations on the world's largest iron ore export hub added to threats on Sino-Australian trade amid rifts with China's state-backed commodity buying authority. Still, sluggish demand maintained steel prices down year-to-date. The latest data extended the trend China's property crisis, indicating that demand for rebar will remain week for major sector. The official construction PMI fell to a record low of 47 in July, and construction starts sank by 23.4% in June annually. Export options for mills were also limited due to protectionist policies by foreign governments against ample Chines capacity. Steel and iron product exports from China fell 4.4% in volume in the year to July.
2026-08-12
Steel Declines to 13-Month Low
Steel rebar futures fell to around CNY 3,000 per ton in early August, reaching their lowest level since June 2025 as widening losses at Chinese steel mills and a deteriorating industry outlook continued to weigh on sentiment. Industry data showed that average losses at steel mills in Tangshan have surpassed CNY 100 per ton and are expected to keep widening, with the sector likely to remain under pressure this month. China’s prolonged property downturn also continued to curb steel demand, as construction accounts for roughly one-third of the country’s steel consumption and represents the bulk of rebar usage. Meanwhile, investors digested updates from the Politburo meeting in Beijing, where policymakers refrained from introducing major new stimulus measures and instead focused on implementing existing fiscal policies to support the slowing economy. Elsewhere, private data showed China's manufacturing activity slowed to a four-month low in July, further weighing on the demand outlook.
2026-07-30
Steel Holds Decline from 1-Month High
Steel rebar futures in China were close to CNY 3,060 per tonne, holding the pullback from one-month high of CNY 3,130 on July 16th amid low demand in China. The oversupply of housing that caused their prolonged property crisis limited investment for new construction. New home prices contracted further in June, and construction starts by floor area fell 23.4% annually in the first half of the year. Construction accounts for one-third of Chinese steel demand, making up for most of rebar purchases. Manufacturing growth was also muted as low consumer demand was combined with protectionist policies limiting the magnitude of foreign orders for goods producers, especially due to the softening momentum for auto production growth. Consequently, domestic steel output totaled 500 million tonnes in the first half of the year, around 3% below levels from 2025. Still, ample infrastructure expenditure from Beijing, including for power plants, grids, and electricity storage, supported consumption.
2026-07-24