Steel prices saw some correction in the last week of November following a massive rally that pushed prices to an eleven-month high of 4,125 Yuan/MT as construction activity in China is expected to slow when the weather turns colder. Still, continued robust demand from the manufacturing industry in the world's top steel producer and consumer coupled with wider market enthusiasm over a potential coronavirus vaccine is due to keep prices supported.

Historically, Steel reached an all time high of 4960 in October of 2018. Steel - data, forecasts, historical chart - was last updated on November of 2020.

Steel is expected to trade at 3806.79 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 3112.69 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
45.8200 0.15 -0.33% 8.71% 22.55% -25.12% Nov/27
Brent
USD/Bbl
48.0800 0.53 -1.09% 8.78% 16.70% -27.58% Nov/26
Natural gas
USD/MMBtu
2.9480 0.02 0.72% 11.25% -1.60% 37.22% Nov/27
Gasoline
USD/Gal
1.2877 0.00 -0.32% 9.57% 19.08% -24.99% Nov/27
Heating oil
USD/Gal
1.3920 0.00 0.16% 8.22% 24.93% -31.30% Nov/27
Ethanol
USD/Gal
1.3700 0.04 -2.84% -3.52% -12.57% -1.94% Nov/25
Naphtha
USD/T
371.04 0.65 0.18% 1.41% -1.74% -30.79% Nov/25
Propane
USD/Gal
0.55 0.00 0.29% 0.07% 4.70% 22.98% Nov/25
Uranium
USD/Lbs
29.1500 0.00 0.00% 0.52% -1.02% 17.30% Nov/25

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,814.15 8.85 0.49% -2.85% -4.86% 18.71% Nov/26
Silver
USD/t.oz
23.369 0.07 0.30% -2.99% -4.81% 29.69% Nov/26
Platinum
USD/t.oz
955.66 7.84 -0.81% 0.45% 8.75% -0.76% Nov/26

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,182.7500 5.00 -0.42% 0.68% 9.31% 23.58% Nov/26
Wheat
USd/Bu
587.7500 0.50 -0.08% -0.68% -4.55% 4.70% Nov/26
Palm Oil
MYR/T
2,757.00 28.00 -1.01% -4.77% 4.51% -0.33% Nov/26
Cheese
USD/Lbs
2.4290 0.00 -0.12% -0.04% 5.88% 34.65% Nov/25
Milk
USD/CWT
23.11 0.03 -0.13% -0.17% 6.84% 35.46% Nov/25
Wool
AUD/100Kg
1,150.00 6.00 -0.52% -0.78% -5.66% -26.19% Nov/25
Rice
USD/cwt
12.4450 0.06 0.44% -0.04% 1.26% -3.79% Nov/25
Tea
USD/Kgs
2.71 0.00 0.00% 0.00% 1.12% 8.40% Nov/25
Cotton
USd/Lbs
70.90 0.63 -0.88% 1.75% -1.68% 2.35% Nov/25
Coffee
USd/Lbs
114.50 1.35 1.19% -4.38% 7.36% -9.91% Nov/25
Sugar
USd/Lbs
14.77 0.27 -1.80% -4.40% 0.00% 12.49% Nov/25
Orange Juice
USd/Lbs
127.35 0.35 -0.27% -0.78% 8.75% 34.26% Nov/25
Lumber
USD/1000 board feet
617.10 16.60 2.76% 3.59% 22.68% 51.73% Nov/25
Cocoa
USD/T
2,993.00 61.00 -2.00% 5.72% 19.86% 18.21% Nov/25
Oat
USd/Bu
283.0000 2.75 -0.96% -4.87% -7.67% -5.03% Nov/26
Canola
CAD/T
579.00 0.10 0.02% 1.17% 7.72% 22.80% Nov/26
Rubber
JPY/Kg
242.00 5.90 -2.38% -1.26% -20.66% 37.34% Nov/27
Corn
USd/BU
420.0000 5.75 -1.35% -1.35% 0.54% 8.46% Nov/25

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
18.99 0.05 0.26% -1.04% 7.35% 32.06% Nov/25
Poultry
BRL/Kgs
6.36 0.00 0.00% -2.45% 3.41% 18.88% Nov/25
Feeder Cattle
USd/Lbs
140.1750 1.58 1.14% 2.30% 4.84% -3.09% Nov/25
Live Cattle
USd/Lbs
111.3750 0.20 0.18% 0.66% 7.12% -11.31% Nov/25
Lean Hogs
USd/Lbs
66.1750 0.88 1.34% 0.57% -2.32% -7.51% Nov/25

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.3420 0.03 1.03% 3.89% 8.51% 18.63% Nov/26
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% 0.00% -21.21% Nov/26
Bitumen
CNY/T
2,420.00 32.00 -1.31% 7.36% -0.17% -21.28% Nov/26
Steel
CNY/T
4,071.00 10.00 -0.25% -0.56% 12.74% 8.79% Nov/25
Cobalt
USD/T
32,390.00 0.00 0.00% -0.02% -2.75% -1.10% Nov/25
Lead
USD/T
2,017.15 8.75 0.44% 4.43% 14.42% 5.42% Nov/25
Nickel
USD/T
16,010.00 187.00 -1.15% 1.57% 2.47% 14.77% Nov/25
Molybdenum
USD/Kg
23.50 0.00 0.00% 6.09% 13.53% 6.58% Nov/25
Iron Ore
USD/T
127.00 0.00 0.00% 1.20% 9.01% 38.04% Nov/25
Palladium
USD/t.oz
2,361.79 32.62 1.40% 1.58% 1.32% 21.77% Nov/26
Aluminum
USD/T
1,976.00 14.50 0.74% -0.59% 8.60% 9.50% Nov/26
Tin
USD/T
18,802.50 57.50 0.31% 0.39% 3.78% 9.38% Nov/26
Zinc
USD/T
2,755.00 3.00 -0.11% 0.03% 8.24% 19.26% Nov/26
Coal
USD/T
70.20 0.85 1.23% 9.26% 19.02% 0.75% Nov/26
Soda Ash
CNY/T
1,600.00 0.00 0.00% -11.93% -14.29% 2.13% Nov/26
Manganese
CNY/T
28.00 0.00 0.00% -0.89% -5.08% -11.11% Nov/25
Neodymium
CNY/T
580,000.00 37,500.00 6.91% 17.77% 31.22% 60.22% Nov/25
Iron Ore 62% fe
USD/T
123.6300 0.23 0.19% 1.10% 2.39% 33.54% Nov/25
Rhodium
USD/t oz.
16,100.00 0.00 0.00% 7.33% 9.52% 166.12% Nov/25

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
1,197.00 19.00 1.61% 7.35% -14.62% 22.64% Nov/25
CRB Index
Index Points
170.40 0.63 0.37% 3.00% 7.37% -13.34% Nov/25
LME Index
Index Points
3,278.80 6.90 -0.21% 1.54% 7.42% 15.32% Nov/25
S&P GSCI
Index Points
1,875.12 9.05 0.48% 4.00% 8.67% -27.65% Nov/25