Why are Steel Rebar (SHFE) Prices so high?
29-09-2026 - Over the past month, the price of Steel Rebar on the Shanghai Futures Exchange (SHFE) has seen a slight decrease, dropping from 3058.0 CNY/t to 3041.0 CNY/t, indicating a minor downward trend in the steel rebar raw material market. However, the forecast suggests an upward trajectory, predicting a price of 3119.0 CNY/t, which is a 2.6% increase from the current price of 3041.0 CNY/t. This upward trend is subject to potential market fluctuations that could impact raw material prices.
The forecast highlights upward price pressure on raw materials, influenced by factors such as exchange rates and seaborne imports and exports. Conversely, demand data, particularly from the global economy, suggests a downward trend, resulting in a mixed outlook with a net impact of 33.0 CNY/t.
A report by Mysteel supports this forecast, projecting that Chinese construction steel prices, including rebar, will continue to rise in October 2023. This anticipated increase is due to a growing supply-demand mismatch, with declining steel inventories and rising production costs for steel mills expected to bolster higher finished steel prices.
Overall, the external analysis aligns with the forecast, indicating an upward trend in the SHFE Steel Rebar market for the coming month.
The forecast highlights upward price pressure on raw materials, influenced by factors such as exchange rates and seaborne imports and exports. Conversely, demand data, particularly from the global economy, suggests a downward trend, resulting in a mixed outlook with a net impact of 33.0 CNY/t.
A report by Mysteel supports this forecast, projecting that Chinese construction steel prices, including rebar, will continue to rise in October 2023. This anticipated increase is due to a growing supply-demand mismatch, with declining steel inventories and rising production costs for steel mills expected to bolster higher finished steel prices.
Overall, the external analysis aligns with the forecast, indicating an upward trend in the SHFE Steel Rebar market for the coming month.
What is the current / spot price of Steel Rebar (SHFE)?
Steel Rebar (SHFE) Price Today
September 30, 2026
Current Price
3041
What is the forecast for the price of Steel Rebar (SHFE)?
Steel Rebar (SHFE) Price Forecast
September 30, 2026
1 Month Forecast
3119
1 Year Forecast
3293
What are the short-term drivers of Steel Rebar (SHFE) prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - Seasonality trends for the prediction month of year - Movements in the South Korean Won - Steel Products imports to China - The shape of the futures curve Br(None) The top contrary drivers for the 1 Month horizon are: - Seasonality trends for the prediction week of year
What are the long-term drivers of Steel Rebar (SHFE) prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - The shape of the futures curve - Steel imports to Japan Br(None) The top contrary drivers for the 1 Year horizon are: - EWMA-based technical analysis - Steel Rebar (SHFE) - Movements in the Chinese Yuan
Will the price of Steel Rebar (SHFE) go up?
.png)
1 Week
1 Month
3 Month
6 Month
1 Year
Interested in protecting prices, have a look at ChAI Protect. ChAI Protect is our commodity price risk insurance offering created to protect your company from the financial risks associated with raw material price movements
ChAI Protect is our commodity price risk insurance offering, created to protect your company from the financial risks associated with raw material price movements.
Speak to the team
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
*Please include your company email
The Latest Steel Rebar (SHFE) News
ChAI Blog
Crude oil pulled back, metals showed mixed changes, LME aluminum, LME nickel, and SHFE nickel led the declines, gold rebounded [Overnight Market]
September 30, 2026
metal.com
Metals
Click here to see info on similar materials in the group
Frequently Asked Questions
Still have a question?
Contact us
Which suppliers or regions are the most reliable/unreliable right now from a supply chain perspective?
What are the key supply chain risks for the next quarter (climate events, wars, shipping route changes)?
Are there any substitution materials currently becoming more competitive?
Are there any current supply chain disruptions (strikes, port closures, weather events, shipping delays)?
What tariffs does the EU have with the US?
What are new government polices?
What raw materials are in short supply?
What are current freight rates?
Do your models/algorithms change for time horizons? (short term/long term)?
What is unique about what you do? Aren’t large hedge funds already doing something similar?
What kind of AI techniques are you using?
Our Risk / Compliance Department is concerned about model transparency - How do you ensure your models can be explained?
Can you expand on how the AI is used and how it's a differentiator?
Interested in further market insights, forecasts, cost models, downloadable data ?
We are making the companies whose products we depend on everyday more resilient
Speak to the team
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
*Please include your company email