Steel Rebar futures consolidated above the CNY 4,500-per-tonne mark, rebounding from an over six-month low around CNY 4,230 on prospects of a rebound in demand in top consumer China as it declared positive developments in stemming its latest Covid-19 outbreak, particularly in Beijing and Shanghai. On top of that, signals that China would renew its stimulus package to stabilize the economy add to the bullish sentiment. The government will continue to implement existing aid measures while expanding its policy toolkit, Ou Hong, deputy secretary-general at the National Development and Reform Commission, told a news conference.

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

Steel is expected to trade at 4207.67 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 3939.72 in 12 months time.

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Steel



Price Day Month Year
Gold 1,817.88 0.77 0.04% -1.05% 2.32%
Silver 20.74 0.028 0.13% -3.71% -20.28%
Copper 3.77 -0.0135 -0.36% -12.35% -11.23%
Steel 4,485.00 -37.00 -0.82% -0.82% -9.78%
Iron Ore 124.50 0 0% -8.79% -42.23%
Lithium 477,500.00 0 0% 1.92% 436.52%
Platinum 916.54 -0.24 -0.03% -5.00% -15.34%


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
4485.00 4522.00 6198.00 1580.00 2016 - 2022 Yuan/MT Daily