Steel prices have been moving away from July’s six-month high to cross 3,650 Yuan/MT in September, on the back of signs that Chinese demand has not been as strong as expected. China’s crude steel production started to slow in September after hitting a record high in August as growth in property and infrastructure, which account for over 55% of China’s total steel consumption, decelerated as a result of tightened monetary growth and more conservative fiscal stimulus. Also, recent data showed that average new home prices in China's 70 major cities increased by 4.8 percent year-on-year in August 2020, the same pace as in the previous month and the slowest rise in home prices since May 2018. However, steel prices continued to be poised to rise in coming months as economies in the rest of the world get back and demand climbs after being hit by the coronavirus pandemic.

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