Actual
3,108.00
Daily Change
-23.00 -0.73%
Monthly
3.77%
Yearly
1.67%
Q3 Forecast
3,138.39
Steel - Summary

Steel rebar futures in China fell toward CNY 3,100 per ton in early September, retreating from 11-week highs as rising raw material costs deepened losses at steel mills, though stronger steel exports provided support. Industry data showed that the average cost of hot metal and steel billets at major mills in Tangshan rose sharply last week, pushing average losses to more than CNY 100 per ton. China’s non-manufacturing PMI, which covers services and construction, also held steady at 49.0, matching July’s reading and remaining at its weakest level since December 2022. Meanwhile, China’s total steel exports rose 7.8% week-on-week to 2.55 million tons in the week to August 31, marking a third consecutive weekly increase and the highest level in nearly eight weeks. Investors are also anticipating a recovery in steel demand due to seasonal factors ahead of the September peak construction season.

Steel - Stats

Steel fell to 3,108 CNY/T on September 7, 2026, down 0.73% from the previous day. Over the past month, Steel's price has risen 3.77%, and is up 1.67% 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 September 7 of 2026.

Steel - Forecast

Steel fell to 3,108 CNY/T on September 7, 2026, down 0.73% from the previous day. Over the past month, Steel's price has risen 3.77%, and is up 1.67% 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 3138.39 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 3238.71 in 12 months time.



Price Day Month Year Date
Gold 4,396.53 -36.03 -0.81% 0.12% 20.93% Sep/07
Silver 65.73 -0.262 -0.40% 0.03% 58.99% Sep/07
Copper 6.59 -0.0034 -0.05% -0.01% 46.50% Sep/07
Steel 3,108.00 -23.00 -0.73% 3.77% 1.67% Sep/07
Lithium 147,500.00 -4500 -2.96% 2.08% 97.30% Sep/07
Platinum 1,817.50 -8.50 -0.47% 3.64% 31.13% Sep/07
Iron Ore 99.57 0.15 0.15% 6.03% -4.71% Sep/04


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
3108.00 3131.00 6198.00 1580.00 2009 - 2026 Yuan/MT Daily

News Stream
Steel Declines Amid Shrinking Margins
Steel rebar futures in China fell toward CNY 3,100 per ton in early September, retreating from 11-week highs as rising raw material costs deepened losses at steel mills, though stronger steel exports provided support. Industry data showed that the average cost of hot metal and steel billets at major mills in Tangshan rose sharply last week, pushing average losses to more than CNY 100 per ton. China’s non-manufacturing PMI, which covers services and construction, also held steady at 49.0, matching July’s reading and remaining at its weakest level since December 2022. Meanwhile, China’s total steel exports rose 7.8% week-on-week to 2.55 million tons in the week to August 31, marking a third consecutive weekly increase and the highest level in nearly eight weeks. Investors are also anticipating a recovery in steel demand due to seasonal factors ahead of the September peak construction season.
2026-09-03
Steel Pulls Back on Demand Uncertainty
Steel rebar futures fell to around CNY 3,100 per ton in early September, pulling back from multi-month highs as surging oil prices heightened inflationary risks and reinforced expectations of imminent interest rate hikes, weighing on the demand outlook. Higher rates could eventually slow global economic growth, dampening demand for industrial metals. Meanwhile, steel prices rallied sharply in August as investors anticipated a recovery in demand due to seasonal factors ahead of the September peak construction season. China’s National Development and Reform Commission also reportedly held meetings in recent weeks, urging local governments to accelerate the construction of major projects. However, China’s non-manufacturing PMI, which covers services and construction, held steady at 49.0, matching July’s reading and remaining at its weakest level since December 2022.
2026-09-02
Steel Hits 2-½-Month Highs
Steel rebar futures jumped above CNY 3,130 per ton, reaching their highest levels since mid-June as investors anticipated a recovery in demand due to seasonal factors ahead of the September peak construction season. Construction activity in top consumer China typically picks up ahead of winter, strengthening the outlook for demand for steel and raw materials. China’s National Development and Reform Commission also reportedly held meetings in recent weeks urging local governments to accelerate the construction of major projects. Meanwhile, China’s non-manufacturing PMI, which covers services and construction, held steady at 49.0, matching July’s reading and remaining at its weakest level since December 2022. Sweeping regulatory changes for China’s crisis-hit property sector announced last week also drove shares in smaller developers sharply lower, amid expectations of further consolidation across the industry.
2026-08-31