Shanghai steel futures traded near 5,600 yuan a tonne, not far from the record level of almost 6,000 hit on May 11th boosted by growing industrial demand while supply remains scarce in the aftermath of Covid-19. The US announced trillions of economic stimulus to support post-COVID recovery including funds for infrastructure such as new roads, rail and housing while the EU is committed to reaching net-zero emissions. Elsewhere, powerhouses China and Russia are trying to limit exports to help other industries at home. Meantime, the latest data showed China’s crude steel output rose by 11.8% from a year earlier in the first half of the year. China pledged to limit crude steel output in 2021 at no higher than the 1.065 billion tonnes it made last year but at the half-way stage of the year, the country has already produced 563.33 million tonnes of the metal.

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

Steel is expected to trade at 5824.56 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 6553.68 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
73.3100 0.30 -0.41% 1.72% -2.55% 51.09% Jul/30
Brent
USD/Bbl
75.7500 0.30 -0.39% 2.23% -0.12% 46.24% Jul/30
Natural gas
USD/MMBtu
4.0070 0.05 -1.28% -1.31% 9.45% 57.82% Jul/30
Gasoline
USD/Gal
2.3448 0.01 -0.28% 2.33% 3.40% 66.29% Jul/30
Heating oil
USD/Gal
2.1849 0.00 -0.21% 2.39% 1.33% 47.23% Jul/30
Ethanol
USD/Gal
2.2200 0.10 -4.31% -4.31% -10.48% 54.92% Jul/29
Naphtha
USD/T
673.28 0.79 0.12% 0.20% 6.26% 55.60% Jul/29
Propane
USD/Gal
1.09 0.00 0.21% 0.83% 12.96% 69.48% Jul/29
Uranium
USD/Lbs
32.4000 0.00 0.00% -0.31% 0.00% 5.54% Jul/29
Methanol
CNY
2,649.00 57.00 2.20% -1.30% 3.60% 9.64% Jul/29

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,827.90 0.06 0.00% 1.47% 2.89% -3.62% Jul/30
Silver
USD/t.oz
25.486 0.04 -0.17% 1.30% -2.02% -3.31% Jul/30
Platinum
USD/t.oz
1,053.81 6.66 -0.63% -0.72% -2.66% -1.14% Jul/30

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,430.2500 4.00 -0.28% 2.09% -1.14% 9.45% Jul/30
Wheat
USd/Bu
702.0000 3.25 -0.46% 2.63% 6.61% 9.60% Jul/30
Lumber
USD/1000 board feet
610.60 2.40 0.39% -5.63% -14.72% -30.07% Jul/29
Palm Oil
MYR/T
4,427.00 119.00 2.76% 7.43% 23.01% 22.97% Jul/29
Cheese
USD/Lbs
1.5980 0.00 -0.13% -0.87% -2.20% -2.92% Jul/29
Milk
USD/CWT
16.48 0.04 -0.24% -0.54% -2.54% 4.30% Jul/29
Rubber
JPY/Kg
210.50 0.00 0.00% -0.19% -5.82% -21.69% Jul/30
Orange Juice
USd/Lbs
136.85 2.60 -1.86% 1.37% 15.44% 11.03% Jul/29
Coffee
USd/Lbs
196.75 3.70 -1.85% 1.60% 24.33% 53.41% Jul/29
Cotton
USd/Lbs
90.41 0.50 -0.55% 0.16% 6.12% 15.73% Jul/29
Cocoa
USD/T
2,435.00 8.00 0.33% 5.09% 3.18% -6.45% Jul/29
Rice
USD/cwt
13.6500 0.01 -0.07% 0.81% 1.34% 11.52% Jul/30
Canola
CAD/T
873.70 2.00 -0.23% -1.10% 0.48% 38.79% Jul/30
Oat
USd/Bu
457.2500 9.00 -1.93% 4.22% 19.08% 26.75% Jul/30
Wool
AUD/100Kg
1,428.00 0.00 0.00% 0.00% 0.35% 21.95% Jul/29
Sugar
USd/Lbs
18.34 0.27 -1.45% 4.09% 4.32% 18.40% Jul/29
Tea
USD/Kgs
3.34 0.00 0.00% 0.00% 25.56% 16.38% Jul/29
Corn
USd/BU
555.5000 2.00 -0.36% -1.59% -22.85% 14.77% Jul/30

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.25 0.00 0.00% -0.49% -0.34% 11.63% Jul/29
Feeder Cattle
USd/Lbs
158.4250 1.75 -1.09% 0.14% 2.46% 14.02% Jul/29
Live Cattle
USd/Lbs
122.4250 0.65 -0.53% 1.35% -0.24% 6.43% Jul/29
Lean Hogs
USd/Lbs
106.2750 0.58 0.54% -0.35% -1.12% 51.23% Jul/29
Poultry
BRL/Kgs
7.83 0.00 0.00% 0.64% 6.39% 30.28% Jul/29

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.5260 0.01 0.13% 2.71% 6.70% 28.62% Jul/30
Coal
USD/T
149.93 0.71 0.48% 2.57% 15.89% 84.60% Jul/29
Steel
CNY/T
5,740.00 83.00 1.47% 2.55% 15.47% 36.02% Jul/30
Iron Ore
USD/T
197.00 5.50 -2.72% -5.74% -8.58% 24.29% Jul/29
Lithium
CNY/T
89,000.00 0.00 0.00% 0.00% -34.56% 91.40% Jul/30
Bitumen
CNY/T
3,246.00 44.00 1.37% 3.18% -5.14% 36.27% Jul/29
Cobalt
USD/T
52,500.00 0.00 0.00% 0.00% 5.68% 63.09% Jul/29
Lead
USD/T
2,373.00 0.00 0.00% -1.96% 4.77% 20.11% Jul/29
Aluminum
USD/T
2,595.50 42.00 1.64% 5.25% 3.02% 31.04% Jul/29
Tin
USD/T
34,782.50 210.00 0.61% 2.12% 11.53% 71.22% Jul/29
Zinc
USD/T
3,000.50 33.50 1.13% 2.26% 0.92% 9.07% Jul/29
Nickel
USD/T
19,532.75 0.00 0.00% 3.27% 7.25% 18.00% Jul/29
Molybdenum
USD/Kg
42.75 0.00 0.00% 0.00% -15.35% 81.91% Jul/29
Palladium
USD/t.oz
2,654.84 8.85 0.33% -0.65% -3.94% 8.46% Jul/30
Rhodium
USD/t oz.
18,400.00 0.00 0.00% -1.60% -8.46% 8.24% Jul/29
Gallium
CNY/Kg
1,985.00 0.00 0.00% -4.34% -6.59% 14.08% Jul/29
Germanium
CNY/Kg
7,950.00 50.00 0.63% 3.25% 3.92% 11.97% Jul/29
Manganese
CNY/T
32.75 0.00 0.00% 0.00% 1.55% 4.80% Jul/29
Indium
CNY/Kg
1,115.00 0.00 0.00% 0.00% -0.89% -6.30% Jul/29
Soda Ash
CNY/T
2,075.00 0.00 0.00% 4.93% 10.26% 54.85% Jul/29
Neodymium
CNY/T
752,500.00 0.00 0.00% 4.51% 29.18% 20.88% Jul/29
Tellurium
CNY/Kg
562.50 0.00 0.00% -1.32% -3.43% 20.97% Jul/29
Iron Ore 62% fe
USD/T
213.52 0.92 -0.43% -0.14% -0.48% 37.01% Jul/29

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
234.64 1.80 0.77% 2.05% 3.47% 31.60% Jul/29
LME Index
Index Points
4,281.10 0.00 0.00% 2.23% 3.12% 25.38% Jul/29
S&P GSCI
Index Points
2,611.61 0.00 0.00% 0.73% 0.53% 32.10% Jul/29
Nuclear Energy Index
USD
1,335.29 2.59 -0.19% 0.77% -0.25% 6.28% Jul/30
Solar Energy Index
USD
422.09 4.82 1.16% -1.18% -3.52% -9.57% Jul/29
EU Carbon Permits
EUR
53.95 0.11 0.20% 6.22% -4.29% 64.88% Jul/29
Wind Energy Index
USD
353.22 3.01 0.86% 0.44% -0.83% -7.08% Jul/29