Steel rebar futures fell to below 4,200 yuan a tonne in the second week of January, dragged down by a build-up in raw-material inventory as seasonal demand eased ahead of February’s Lunar New Year holiday. Meantime, top steelmaking province Hebei has been reporting a surge in Covid-19 cases, raising concerns about steel mills’ production and logistics. Elsewhere, steel industry and union groups in the US asked President-elect Joe Biden to maintain a 25% national security tariffs on steel imports imposed in 2018, saying they are essential to ensure the viability of domestic steel production.

Historically, Steel reached an all time high of 4960 in October of 2018. Steel - data, forecasts, historical chart - was last updated on January of 2021.

Steel is expected to trade at 3919.94 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 3205.20 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
52.3500 0.01 -0.02% 0.19% 9.66% 7.89% Jan/18
Brent
USD/Bbl
55.0300 0.07 -0.13% -1.13% 8.09% 6.24% Jan/18
Natural gas
USD/MMBtu
2.6310 0.11 -3.87% -4.22% -2.74% 3.62% Jan/18
Gasoline
USD/Gal
1.5239 0.00 -0.29% 0.20% 12.02% 8.07% Jan/18
Heating oil
USD/Gal
1.5895 0.00 -0.21% 1.02% 7.59% 7.11% Jan/18
Ethanol
USD/Gal
1.6300 0.00 0.00% 7.24% 24.43% 13.75% Jan/15
Naphtha
USD/T
500.38 3.50 -0.69% -0.33% 16.33% 15.64% Jan/15
Propane
USD/Gal
0.91 0.01 -1.08% 6.02% 47.61% 40.29% Jan/15
Uranium
USD/Lbs
30.4500 0.15 -0.49% -0.49% 1.16% -0.81% Jan/15

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,837.01 10.42 0.57% -0.41% -2.09% -3.14% Jan/18
Silver
USD/t.oz
24.998 0.26 1.06% 0.31% -4.45% -5.16% Jan/18
Platinum
USD/t.oz
1,093.06 0.08 0.01% 1.60% 8.30% 2.54% Jan/19

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,415.0000 2.00 -0.14% 3.12% 14.41% 7.48% Jan/18
Wheat
USd/Bu
683.0000 7.50 1.11% 7.60% 11.74% 6.64% Jan/18
Palm Oil
MYR/T
3,350.00 73.00 -2.13% -11.77% -1.64% -6.94% Jan/18
Cheese
USD/Lbs
1.6720 0.01 -0.42% -2.73% 1.77% 1.58% Jan/15
Milk
USD/CWT
16.23 0.01 0.06% -2.81% 2.92% 2.72% Jan/15
Rubber
JPY/Kg
323.50 10.00 3.19% 11.55% 10.79% 20.35% Jan/18
Orange Juice
USd/Lbs
121.85 2.15 -1.73% -0.77% 3.66% -1.14% Jan/15
Coffee
USd/Lbs
128.15 0.80 0.63% 3.60% 1.71% -0.08% Jan/15
Lumber
USD/1000 board feet
800.10 42.90 -5.09% -8.03% -2.26% -8.36% Jan/15
Oat
USd/Bu
365.5000 0.50 -0.14% 3.03% 8.22% 1.32% Jan/18
Wool
AUD/100Kg
1,172.00 0.00 0.00% 0.09% 0.09% 0.09% Jan/15
Cotton
USd/Lbs
80.70 0.45 -0.55% 1.17% 6.68% 3.30% Jan/15
Cocoa
USD/T
2,527.00 27.00 1.08% 0.44% 0.40% -2.92% Jan/15
Rice
USD/cwt
13.1150 0.22 1.71% 5.64% 6.28% 7.15% Jan/15
Canola
CAD/T
684.70 3.10 -0.45% 2.92% 7.95% 8.77% Jan/18
Sugar
USd/Lbs
16.45 0.22 -1.32% 5.45% 13.53% 6.20% Jan/15
Tea
USD/Kgs
2.91 0.00 0.00% 1.39% -1.36% 1.39% Jan/15
Corn
USd/BU
530.0000 1.50 -0.28% 7.67% 20.45% 9.50% Jan/18

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
19.03 0.09 0.48% 1.01% 11.48% 4.91% Jan/15
Feeder Cattle
USd/Lbs
134.5750 1.98 1.49% -0.92% -4.46% -3.15% Jan/15
Live Cattle
USd/Lbs
112.7750 0.70 0.62% -1.49% 3.68% -1.96% Jan/15
Lean Hogs
USd/Lbs
67.9250 1.63 2.45% -1.13% 2.96% -3.34% Jan/15
Poultry
BRL/Kgs
6.20 0.01 -0.16% 4.73% 8.58% 3.16% Jan/15

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.6160 0.01 0.40% 1.64% 1.10% 2.79% Jan/18
Lithium
CNY/T
54,000.00 0.00 0.00% 16.13% 17.39% 16.13% Jan/18
Bitumen
CNY/T
2,624.00 24.00 0.92% 6.06% 6.23% 10.16% Jan/18
Steel
CNY/T
4,192.00 27.00 0.65% -2.26% -0.90% -0.50% Jan/15
Coal
USD/T
89.00 0.37 0.42% 7.23% 6.87% 9.58% Jan/18
Palladium
USD/t.oz
2,365.74 3.04 -0.13% -1.12% 2.49% -3.35% Jan/19
Cobalt
USD/T
37,510.00 495.00 -1.30% 2.77% 17.22% 16.53% Jan/15
Lead
USD/T
1,979.15 33.50 -1.66% -0.08% -3.61% 0.17% Jan/15
Aluminum
USD/T
1,970.75 12.50 -0.63% -1.64% -2.15% -0.50% Jan/18
Tin
USD/T
21,195.00 72.50 0.34% 2.27% 6.23% 4.33% Jan/18
Zinc
USD/T
2,679.25 5.00 -0.19% -2.78% -5.86% -2.61% Jan/18
Nickel
USD/T
17,971.25 273.00 -1.50% 2.03% 3.56% 8.56% Jan/15
Molybdenum
USD/Kg
25.00 0.00 0.00% 6.38% 6.38% 6.38% Jan/15
Iron Ore
USD/T
171.00 1.00 0.59% 0.89% 10.32% 7.89% Jan/15
Soda Ash
CNY/T
1,350.00 10.00 0.75% 0.75% -5.33% 0.75% Jan/18
Neodymium
CNY/T
675,000.00 10,000.00 1.50% 6.30% 13.45% 8.43% Jan/15
Iron Ore 62% fe
USD/T
169.9700 0.17 0.10% 0.27% 12.75% 9.07% Jan/15
Rhodium
USD/t oz.
21,000.00 700.00 3.45% 11.41% 28.05% 23.53% Jan/15
Manganese
CNY/T
31.25 0.00 0.00% 0.00% 11.61% 0.00% Jan/15

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
186.22 1.62 -0.86% 1.10% 6.96% 4.44% Jan/15
LME Index
Index Points
3,485.80 41.50 -1.18% -1.66% 0.41% 2.09% Jan/15
S&P GSCI
Index Points
2,078.23 25.02 -1.19% 0.72% 7.58% 5.12% Jan/15