The steel market extended its upward momentum into April, with Shanghai steel futures rising above 5,000 yuan a tonne for the first time ever ahead of a seasonal recovery in demand and uncertainty over supply after top steelmaking city Tangshan pledged to cut emissions by 50% during days of heavy pollution. Domestic demand is likely to be spur by strong construction and manufacturing activities over the coming peak season. China’s property and infrastructure investment surged 38.3% and 36.6%, respectively, in the first two months of 2021 as the economy consolidated its recovery from the coronavirus blow; and industrial profit surged 179%. Latest data from Worldsteel showed most regions reported a decline in crude steel output in February, led by North America (down 8.9%), the European Union (down 7.1%) and Africa (down 6.4%). On the other hand, China the world's largest steelmaker produced about 83 million tonnes in February 2021, up by 10.9% from February 2020.

Historically, Steel reached an all time high of 5076 in April of 2021. Steel - data, forecasts, historical chart - was last updated on April of 2021.

Steel is expected to trade at 4746.57 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 3881.11 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
58.4400 3.01 -4.90% -5.07% -10.16% 20.45% Apr/05
Brent
USD/Bbl
61.9900 2.87 -4.42% -4.60% -9.16% 19.67% Apr/05
Natural gas
USD/MMBtu
2.5000 0.14 -5.27% -5.77% -6.16% -1.54% Apr/05
Gasoline
USD/Gal
1.9576 0.06 -3.20% -1.88% -4.45% 38.83% Apr/05
Heating oil
USD/Gal
1.7691 0.06 -3.41% -2.25% -7.30% 19.21% Apr/05
Ethanol
USD/Gal
1.9100 0.00 0.00% 1.33% 7.61% 33.29% Apr/02
Naphtha
USD/T
564.32 8.62 -1.51% -0.96% 0.60% 30.42% Apr/01
Propane
USD/Gal
0.95 0.02 2.51% 3.11% -2.33% 46.69% Apr/01
Uranium
USD/Lbs
31.2500 0.00 0.00% 3.82% 12.21% 1.79% Apr/01

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,725.96 2.88 -0.17% 0.82% 2.66% -8.99% Apr/05
Silver
USD/t.oz
24.676 0.29 -1.18% 0.02% -1.65% -6.38% Apr/05
Platinum
USD/t.oz
1,201.31 8.19 -0.68% 2.20% 5.81% 12.70% Apr/05

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,414.0000 12.00 0.86% 1.51% -1.38% 8.21% Apr/05
Wheat
USd/Bu
617.0000 6.00 0.98% 0.04% -4.56% -3.67% Apr/05
Palm Oil
MYR/T
3,790.00 53.00 1.42% 1.15% -2.27% 5.28% Apr/05
Cheese
USD/Lbs
1.6020 0.00 -0.06% -0.31% 1.14% -2.67% Mar/26
Milk
USD/CWT
16.18 0.01 -0.06% -0.43% 3.45% 2.41% Mar/26
Rubber
JPY/Kg
240.80 0.20 -0.08% -3.45% -10.48% -10.42% Apr/05
Orange Juice
USd/Lbs
109.00 0.95 -0.86% -2.02% -1.80% -11.56% Apr/05
Coffee
USd/Lbs
121.95 0.35 0.29% -4.01% -5.50% -4.91% Apr/05
Lumber
USD/1000 board feet
1,032.00 19.40 1.92% 6.92% 4.36% 18.20% Apr/05
Oat
USd/Bu
372.2500 0.25 0.07% -0.33% -4.55% 3.19% Apr/05
Wool
AUD/100Kg
1,300.00 0.00 0.00% 1.17% -0.69% 11.02% Apr/02
Cotton
USd/Lbs
78.29 0.34 0.44% -2.73% -9.77% 0.22% Apr/05
Cocoa
USD/T
2,351.00 41.00 -1.71% -3.49% -12.70% -9.68% Apr/05
Rice
USD/cwt
13.1400 0.03 0.19% -0.94% 1.31% 7.35% Apr/05
Canola
CAD/T
755.80 15.00 2.02% -0.05% -8.72% 20.06% Apr/05
Sugar
USd/Lbs
14.85 0.14 0.95% -0.47% -8.33% -4.13% Apr/05
Tea
USD/Kgs
2.75 0.00 0.00% 1.10% -7.41% -4.18% Apr/02
Corn
USd/BU
554.5000 5.00 -0.89% 1.42% -1.86% 14.57% Apr/05

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.22 0.00 0.00% 0.90% 4.98% 11.47% Apr/02
Feeder Cattle
USd/Lbs
143.9750 0.10 0.07% -0.17% 5.46% 3.62% Apr/05
Live Cattle
USd/Lbs
121.2750 1.25 1.04% 0.25% 1.61% 5.43% Apr/05
Lean Hogs
USd/Lbs
102.6000 0.83 0.81% 2.22% 17.53% 46.00% Apr/05
Poultry
BRL/Kgs
6.33 0.00 0.00% -4.24% -1.09% 5.32% Apr/02

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.1500 0.15 3.66% 2.68% 1.13% 17.93% Apr/05
Lithium
CNY/T
85,000.00 0.00 0.00% 0.00% 20.57% 82.80% Apr/05
Bitumen
CNY/T
2,926.00 126.00 4.50% 3.39% -1.48% 22.84% Apr/02
Steel
CNY/T
5,076.00 103.00 2.07% 6.42% 4.68% 20.28% Apr/02
Coal
USD/T
92.60 1.25 1.37% 0.41% 10.37% 14.01% Apr/01
Palladium
USD/t.oz
2,657.95 8.10 -0.30% 5.11% 14.79% 8.59% Apr/05
Cobalt
USD/T
50,000.00 0.00 0.00% -3.38% -4.96% 55.33% Apr/02
Lead
USD/T
1,941.55 0.00 0.00% 0.70% -4.46% -1.73% Apr/02
Aluminum
USD/T
2,230.50 36.25 1.65% -0.03% 0.20% 12.61% Apr/01
Tin
USD/T
25,245.00 15.00 -0.06% 1.04% 3.19% 24.27% Apr/01
Zinc
USD/T
2,770.25 36.50 -1.30% -0.41% -2.84% 0.70% Apr/01
Nickel
USD/T
16,167.50 0.00 0.00% -1.07% -6.92% -2.33% Apr/02
Molybdenum
USD/Kg
28.05 0.00 0.00% 0.00% -4.10% 19.36% Apr/02
Iron Ore
USD/T
167.00 0.00 0.00% 3.73% -4.57% 5.36% Apr/02
Soda Ash
CNY/T
1,752.00 0.00 0.00% 0.92% 8.42% 30.75% Apr/05
Neodymium
CNY/T
777,500.00 0.00 0.00% -6.89% -12.15% 24.90% Apr/02
Iron Ore 62% fe
USD/T
163.89 0.21 0.13% -1.84% -5.57% 5.17% Apr/05
Rhodium
USD/t oz.
26,700.00 0.00 0.00% -2.91% -5.82% 57.06% Apr/02
Manganese
CNY/T
30.00 0.00 0.00% -4.00% -4.00% -4.00% Apr/02

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
198.41 0.00 0.00% -0.55% -1.71% 11.28% Apr/02
LME Index
Index Points
3,784.80 0.00 0.00% -2.14% -2.12% 10.84% Apr/02
S&P GSCI
Index Points
2,276.58 0.00 0.00% 0.00% -0.27% 15.16% Apr/02