Steel prices in August have been hovering around 3,750 Yuan/MT, below July’s six-month high of 3,800 Yuan/MT, but still backed by stronger demand from China, the world’s largest steelmaker, after the economy opened up following months of virus-induced lockdown. China will increase its infrastructure construction in the third quarter of the year to offset the negative impact of the coronavirus pandemic on the economy.

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

Steel is expected to trade at 3514.11 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 2873.37 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 Yearly Date
Crude Oil
USD/Bbl
42.2000 0.04 -0.09% 2.38% 2.43% -22.53% Aug/14
Brent
USD/Bbl
44.9300 0.03 -0.07% 1.19% 2.60% -22.84% Aug/14
Natural gas
USD/MMBtu
2.3410 0.17 7.63% 4.00% 31.08% 4.88% Aug/14
Gasoline
USD/Gal
1.2488 0.00 0.33% 2.88% -0.75% -23.69% Aug/14
Heating oil
USD/Gal
1.2412 0.01 -0.51% 1.33% -0.18% -31.45% Aug/14
Ethanol
USD/Gal
1.2500 0.15 13.64% 11.51% 6.84% -1.42% Aug/14
Naphtha
USD/T
376.10 0.77 -0.20% 1.45% -0.06% -15.04% Aug/13
Propane
USD/Gal
0.50 0.00 -0.60% -0.64% 4.41% 29.88% Aug/13
Uranium
USD/Lbs
32.0000 0.10 -0.31% -0.78% -2.44% 27.24% Aug/13

Metals Price Day Weekly Monthly Yearly Date
Gold
USD/t.oz
1,943.65 16.20 -0.83% -4.47% 7.31% 27.62% Aug/14
Silver
USD/t.oz
26.422 1.19 -4.31% -6.78% 36.27% 53.04% Aug/14
Platinum
USD/t.oz
952.53 4.72 -0.49% -0.96% 14.48% 13.60% Aug/14

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans
USd/Bu
896.5000 9.25 -1.02% 2.87% 1.04% 4.49% Aug/14
Wheat
USd/Bu
500.2500 4.75 0.96% 0.86% -9.25% 6.66% Aug/14
Cheese
USD/Lbs
2.1100 0.00 0.14% 2.38% -18.03% 15.17% Aug/14
Palm Oil
MYR/T
2,496.00 16.00 -0.64% -1.30% -0.36% 5.49% Aug/14
Milk
USD/CWT
19.85 0.07 0.35% 2.53% -18.35% 12.53% Aug/14
Rice
USD/cwt
11.8550 0.10 0.85% 2.86% -1.13% 4.73% Aug/14
Rubber
JPY/Kg
166.00 0.10 0.06% 0.79% 12.93% -8.34% Aug/14
Lumber
USD/1000 board feet
724.20 0.80 -0.11% 11.76% 20.70% 104.46% Aug/14
Wool
AUD/100Kg
1,004.00 0.00 0.00% -0.20% -11.46% -33.64% Aug/13
Tea
USD/Kgs
2.63 0.00 0.00% -17.55% 3.54% -4.36% Aug/13
Sugar
USd/Lbs
13.10 0.01 -0.08% 3.39% 10.83% 12.64% Aug/14
Cocoa
USD/T
2,434.00 53.00 -2.13% -4.40% 8.03% 14.06% Aug/14
Coffee
USd/Lbs
115.20 1.00 -0.86% -0.22% 20.06% 21.84% Aug/14
Orange Juice
USd/Lbs
122.30 2.30 1.92% 6.95% -2.00% 25.31% Aug/14
Oat
USd/Bu
263.5000 5.25 2.03% -3.74% -4.18% -4.09% Aug/14
Canola
CAD/T
484.70 1.00 -0.21% -1.06% 1.40% 7.42% Aug/14
Cotton
USd/Lbs
62.58 0.15 0.24% 1.13% -0.02% 4.89% Aug/14
Corn
USd/BU
324.2500 0.25 -0.08% 5.36% -0.54% -10.12% Aug/14

Livestock Price Day Weekly Monthly Yearly Date
Beef
BRL/Kg
15.47 0.00 0.00% -0.45% 8.56% 46.50% Aug/13
Poultry
BRL/Kgs
5.06 0.00 0.00% 2.43% 4.76% 8.82% Aug/13
Feeder Cattle
USd/Lbs
143.7750 1.10 -0.76% 0.72% 2.95% 5.89% Aug/14
Live Cattle
USd/Lbs
107.5750 0.75 0.70% 4.80% 6.17% 7.36% Aug/14
Lean Hogs
USd/Lbs
53.0500 0.58 -1.07% 4.22% 12.10% -18.38% Aug/14

Industrial Price Day Weekly Monthly Yearly Date
Copper
USD/Lbs
2.8580 0.07 2.36% 2.57% -0.68% 10.37% Aug/14
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% 0.00% -39.53% Aug/14
Bitumen
CNY/T
2,572.00 2.00 -0.08% -4.32% -6.95% -23.27% Aug/14
Steel
CNY/T
3,758.00 9.00 0.24% -0.61% 1.13% -0.58% Aug/14
Coal
USD/T
53.30 0.28 -0.52% -5.28% -3.14% -22.19% Aug/14
Palladium
USD/t.oz
2,108.98 58.02 -2.68% -3.09% 6.45% 46.00% Aug/14
Aluminum
USD/T
1,741.75 20.75 -1.18% -0.30% 3.46% -2.26% Aug/14
Tin
USD/T
17,655.00 117.50 0.67% -0.52% 2.08% 2.97% Aug/14
Zinc
USD/T
2,371.25 5.75 0.24% -0.64% 7.76% 4.74% Aug/14
Cobalt
USD/T
33,200.00 0.00 0.00% 0.00% 16.49% 1.84% Aug/13
Lead
USD/T
1,926.45 12.02 -0.62% -1.13% 5.18% -6.87% Aug/13
Nickel
USD/T
14,049.20 157.05 -1.11% -2.68% 3.71% -13.76% Aug/13
Molybdenum
USD/Kg
18.75 0.00 0.00% -3.25% -3.25% -33.04% Aug/13
Iron Ore
USD/T
118.00 0.50 0.43% 0.43% 6.31% 28.26% Aug/13
Neodymium
CNY/T
438,500.00 6,000.00 1.39% 6.82% 11.72% 14.94% Aug/13
Iron Ore 62% fe
USD/T
119.8600 0.33 -0.27% 0.82% 11.55% 27.84% Aug/13
Rhodium
USD/t oz.
10,975.00 0.00 0.00% 20.60% 29.12% 186.55% Aug/13
Soda Ash
CNY/T
1,383.33 0.00 0.00% 0.00% 8.64% -17.50% Aug/14
Manganese
CNY/T
33.25 0.00 0.00% 2.31% -8.90% -10.14% Aug/13

Index Price Day Weekly Monthly Yearly Date
Baltic Dry
Index Points
1,577.00 37.00 2.40% 5.13% -9.47% -22.96% Aug/13
CRB Index
Index Points
158.20 0.61 0.39% 0.22% 6.40% -11.52% Aug/13
LME Index
Index Points
2,864.80 53.20 -1.82% -2.41% 0.07% 3.26% Aug/13
S&P GSCI
Index Points
1,761.11 1.79 -0.10% 0.00% 4.03% -24.58% Aug/13