Steel rebar futures fell toward CNY 3,100 per ton, extending losses for another session to reach a three-week low as demand concerns and policy uncertainty weighed on sentiment. Prices came under pressure amid reports that Donald Trump’s administration is preparing to revise tariffs on steel and aluminum products. The plan would keep tariffs near 50% on some products while lowering others to about 25%, applied to full import values. The shift has raised concerns over global trade and steel demand, weighing on rebar prices. In addition, investors continued to assess supply-side pressures linked to the Iran war, which have driven up fuel and shipping costs. Tensions intensified after Trump said the conflict is “very close” to completion. He also signaled potential strikes on critical infrastructure if negotiations fail, reinforcing fears of escalation.

Steel fell to 3,103 CNY/T on April 3, 2026, down 0.06% from the previous day. Over the past month, Steel's price has risen 0.62%, and is up 0.16% 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 April 4 of 2026.

Steel fell to 3,103 CNY/T on April 3, 2026, down 0.06% from the previous day. Over the past month, Steel's price has risen 0.62%, and is up 0.16% 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 3055.04 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 2985.96 in 12 months time.



Price Day Month Year Date
Gold 4,677.28 -107.97 -2.26% -8.09% 50.26% Apr/02
Silver 72.99 -0.030 -0.04% -12.59% 146.85% Apr/03
Copper 5.56 -0.0610 -1.08% -3.65% 15.82% Apr/02
Steel 3,103.00 -2.00 -0.06% 0.62% 0.16% Apr/03
Lithium 158,500.00 -1000 -0.63% 2.92% 118.32% Apr/03
Platinum 1,983.20 -6.50 -0.33% -4.45% 111.95% Apr/02
Iron Ore 107.45 0 0% 7.39% 4.69% Apr/03


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.
Actual Previous Highest Lowest Dates Unit Frequency
3103.00 3105.00 6198.00 1580.00 2009 - 2026 Yuan/MT Daily

News Stream
Steel Drops to 3-Week Low
Steel rebar futures fell toward CNY 3,100 per ton, extending losses for another session to reach a three-week low as demand concerns and policy uncertainty weighed on sentiment. Prices came under pressure amid reports that Donald Trump’s administration is preparing to revise tariffs on steel and aluminum products. The plan would keep tariffs near 50% on some products while lowering others to about 25%, applied to full import values. The shift has raised concerns over global trade and steel demand, weighing on rebar prices. In addition, investors continued to assess supply-side pressures linked to the Iran war, which have driven up fuel and shipping costs. Tensions intensified after Trump said the conflict is “very close” to completion. He also signaled potential strikes on critical infrastructure if negotiations fail, reinforcing fears of escalation.
2026-04-02
Steel Drops on Mideast Disruptions
Steel rebar futures fell toward CNY 3,120 per ton, giving back recent gains as investors continued to assess the impact of supply constraints linked to the Iran war, which have lifted fuel and shipping costs. Israel also struck two major steel factories in Iran reportedly tied to the IRGC, adding further complexity to the global steel market. In China, recent data showed steel production fell 3.6% to 76.1 million tons in February, while global output declined 2.2% to 141.8 million tons. During the annual parliamentary sessions in Beijing earlier this month, authorities reaffirmed their commitment to reducing overcapacity in the steel sector amid weakening demand. China’s steel industry continues to face structural headwinds as the economy matures, with softer construction activity further pressured by the prolonged property downturn.
2026-03-30
Steel Falls on Potential Output Curbs
Steel rebar futures fell below CNY 3,130 per ton, hitting a two-week low as China’s key steelmaking hub of Tangshan activated a level-two emergency response to heavy air pollution, raising concerns over potential output curbs and tighter environmental inspections. Industry data also showed Chinese steel production declined 3.6% to 76.1 million tons in February, while global output fell 2.2% to 141.8 million tons. During the annual parliamentary sessions in Beijing earlier this month, authorities reaffirmed their commitment to reducing overcapacity in the steel sector amid weakening demand. China’s steel industry continues to face structural headwinds as the economy matures, with softer construction activity further weighed down by the prolonged property downturn. Total output dropped below 1 billion tons last year for the first time since 2019.
2026-03-25