Steel

$3678 (RMB p/tonne)
Steel – Weekly Chart
Steel – Yearly Chart

About Steel

  • Approximately 5.3 million tonnes of steel are produced in Australia annually andthe industry contributes $11 billion to Australia’s GDP (source; Australian Steel Institute 2019)
  • The Australian steel chain typically holds more than two million tonnes of inventory, made available through distributors located at over 300 sites across the country.(Source; ASI, 2019)
  • The broader steel industry including manufacturing, casting and fabrication employs over 100,000 Australians.(Source; ASI, 2019)