Steel has been trading below 3,400 Yuan/MT since February 3rd, a level not seen since May 2017 due to weaker demand from top consumer China as a new deadly virus spreads throughout Asia and the world. The prices are expected to recover slightly as the Trump administration has announced plans to extend tariffs on imports of steel and aluminum derivatives starting February 8th. In the last three months of 2019, the market was highly volatile. In October, the prices slumped to 3,403 Yuan/MT, the lowest since March 2018, as result of a decline in EU’s manufacturing sector due to weakened exports and investment. In December, the steel rebounded to trade at seven-month high of 4,240 Yuan/MT as demand picked up on Beijing’s economic stimulus measures.

Historically, Steel reached an all time high of 4960 in October of 2018.

Steel is expected to trade at 3737.29 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 4112.32 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 52.2044 0.15 0.30% 4.53% -11.22% -6.93% Feb/18
Brent 57.4528 0.13 0.23% 6.37% -11.88% -13.54% Feb/18
Natural gas 1.8977 0.05 2.48% 5.98% -1.33% -28.71% Feb/18
Gasoline 1.5966 0.01 0.80% 4.94% -3.43% 2.10% Feb/18
Heating oil 1.6869 0.01 -0.83% 3.25% -10.29% -15.43% Feb/18
Ethanol 1.3300 0.02 -1.40% -0.23% -3.21% -0.17% Feb/17
Naphtha 475.91 1.43 -0.30% 2.41% -11.58% -4.74% Feb/14
Propane 0.39 0.00 0.23% 1.36% -11.80% -42.15% Feb/14
Uranium 24.5000 0.00 0.00% -1.01% -0.41% -14.63% Feb/14

Metals Price Day Weekly Monthly Yearly Date
Gold 1,581.05 3.27 -0.21% 0.87% 1.29% 17.89% Feb/18
Silver 17.7733 0.09 0.49% 0.77% -1.66% 11.22% Feb/18
Platinum 964.73 1.62 0.17% 0.45% -5.43% 20.29% Feb/17

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 894.6954 0.83 0.09% 1.37% -3.60% -1.46% Feb/17
Wheat 545.8779 2.10 0.39% -1.37% -4.66% 8.52% Feb/17
Palm Oil 2,548.00 2.00 0.08% 1.64% -1.62% 15.50% Feb/17
Cheese 1.7840 0.00 -0.11% -0.61% -0.89% 27.25% Feb/14
Milk 16.99 0.02 -0.12% -0.41% 0.00% 21.53% Feb/14
Wool 1,568.00 0.00 0.00% -0.57% -4.56% -20.33% Feb/14
Rice 13.3300 0.03 0.19% -2.09% -0.22% 35.12% Feb/14
Tea 2.42 0.00 0.00% -5.47% -13.57% -15.38% Feb/14
Sugar 15.06 0.10 -0.66% 0.94% 3.72% 12.81% Feb/14
Cocoa 2,904.00 84.00 -2.81% 0.14% 8.00% 24.10% Feb/14
Coffee 109.10 4.65 4.45% 10.93% -4.55% 12.24% Feb/14
Orange Juice 99.15 0.00 0.00% 4.53% 2.64% -16.54% Feb/14
Canola 459.50 4.30 -0.93% -0.39% -3.43% -3.00% Feb/14
Cotton 67.41 0.34 -0.50% -0.50% -4.14% -4.26% Feb/14
Lumber 449.30 5.80 -1.27% 2.07% 15.62% 13.06% Feb/14
Rubber 161.70 5.70 3.65% 12.14% -4.38% -12.22% Feb/17
Oat 295.0696 0.15 -0.05% -1.69% -6.25% 6.53% Feb/17
Corn 378.0766 0.20 -0.05% -0.93% -2.83% 0.82% Feb/17

Livestock Price Day Weekly Monthly Yearly Date
Beef 13.97 0.13 -0.92% 0.50% 3.71% 31.79% Feb/14
Poultry 4.86 0.00 0.00% 2.53% -5.08% 11.72% Feb/14
Feeder Cattle 138.5476 2.02 1.48% 2.01% -4.73% -3.62% Feb/14
Live Cattle 121.1017 1.71 1.44% -0.26% -4.85% -5.30% Feb/14
Lean Hogs 55.9987 0.02 0.03% -2.29% -17.33% -0.93% Feb/14

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.6205 0.02 0.93% 1.55% -7.92% -9.06% Feb/18
Lithium 49,000.00 0.00 0.00% 0.00% 0.00% -36.77% Feb/17
Bitumen 3,056.00 14.00 0.46% 1.06% -4.26% -1.42% Feb/17
Steel 3,394.00 16.00 0.47% 2.44% -9.97% -9.52% Feb/17
Coal 70.93 0.23 0.33% 0.97% -2.19% -23.81% Feb/14
Palladium 2,467.42 35.65 1.47% 4.85% -0.52% 69.35% Feb/17
Cobalt 33,750.00 0.00 0.00% -2.17% 3.05% 8.87% Feb/14
Lead 1,896.25 7.75 -0.41% 4.13% -4.82% -5.92% Feb/14
Aluminum 1,722.00 26.00 -1.49% -0.23% -4.39% -7.22% Feb/14
Tin 16,525.00 65.00 -0.39% 2.16% -5.30% -21.81% Feb/14
Zinc 2,149.00 26.00 -1.20% 0.19% -9.90% -18.54% Feb/14
Nickel 12,932.00 271.50 -2.06% 1.93% -9.19% 4.51% Feb/14
Molybdenum 24.20 0.00 0.00% 0.00% 9.75% -11.19% Feb/14
Iron Ore 88.50 0.00 0.00% 6.63% -7.33% 0.00% Feb/14
Neodymium 368,500.00 0.00 0.00% 0.27% 0.41% -7.41% Feb/14
Iron Ore 62% fe 84.8600 0.28 -0.33% 3.93% -10.29% -4.15% Feb/14
Manganese 32.50 0.00 0.00% 0.00% 3.17% -17.72% Feb/14
Soda Ash 1,550.00 0.00 0.00% 0.00% 0.00% -24.02% Feb/17
Rhodium 11,075.00 100.00 0.91% 2.78% 39.75% 320.30% Feb/14

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 425.00 4.00 0.95% 2.41% -44.66% -33.90% Feb/14
CRB Index 183.41 0.73 0.40% 1.70% -5.21% -2.69% Feb/14
LME Index 2,674.50 24.90 -0.92% 1.36% -7.54% -9.15% Feb/14
S&P GSCI 2,339.17 13.18 0.57% 2.03% -7.45% -5.44% Feb/14