Steel Rebar (SHFE) Prices

05-02-2026 - Over the past month, the price of Steel Rebar on the Shanghai Futures Exchange (SHFE) has decreased from 3065.0 CNY/t to 3007.0 CNY/t. This decline suggests a downward trend in the raw material market, potentially due to changes in supply-demand dynamics or broader economic conditions. However, the forecast for Steel Rebar on the SHFE predicts a rise to 3140.0 CNY/t, a 4.4% increase from the current price of 3007.0 CNY/t, indicating an anticipated upward trend. This forecasted increase comes with the risk of market volatility impacting raw material prices.

The current forecast highlights upward price pressure on raw materials, largely influenced by Flows data, with significant effects from Seaborne Imports & Exports and Exchange Rates. Conversely, Supply data, including Inventories and Production Activity, suggests a slight downward pressure.

A recent analysis by SMM projects a slight upward shift in rebar prices by 2026. This outlook is based on expected improvements in the supply-demand structure, supported by domestic macro policies, increased mergers and acquisitions among steel enterprises, and the elimination of outdated capacity. These factors point to a potential rise in rebar prices in the coming months.

This external analysis aligns with the forecasted upward trend in rebar prices, suggesting a positive outlook for the market.