Steel Rebar futures tumbled to around CNY 4,220 per tonne, the lowest since a 10-month low hit in November 2021, as many steel mills in top producer China minimize losses and cut production. Mills in China have idled dozens of blast furnaces amid high inventories after domestic demand weakened due to COVID-19 lockdowns and bad weather. The rising prospect of a global recession also weighed on sentiment, along with China's deliberate move to curb steel output under its decarbonisation plan.

Historically, Steel reached an all time high of 6198 in May of 2021. Steel - data, forecasts, historical chart - was last updated on July of 2022.

Steel is expected to trade at 4402.35 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 4122.00 in 12 months time.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website

Price Day Month Year
Gold 1,809.12 -1.06 -0.06% -1.73% 0.98%
Silver 19.95 0.084 0.42% -9.53% -24.57%
Copper 3.52 -0.1000 -2.76% -20.65% -18.53%
Steel 4,220.00 -280.00 -6.22% -8.26% -14.73%
Iron Ore 118.00 -4.50 -3.67% -17.48% -45.75%
Lithium 475,500.00 0 0% 0.63% 434.27%
Platinum 885.66 -3.34 -0.38% -12.96% -19.28%

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
4220.00 4500.00 6198.00 1580.00 2016 - 2022 Yuan/MT Daily