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SteelOrbis provides steel prices and steel price index, steel price news, daily steel price reports, steel price graphs, steel price charts, and historical steel prices. Steel prices were trading around 3,400 Yuan/MT in March, still under pressure from the effects of the coronavirus outbreak in China, which has clouded the outlook for steel demand since late January. Prices are expected to recover in the second quarter of 2020 amid prospects that top consumer China would take further steps to support the coronavirus-hit economy while steel mills there are expected to resume operations after the COVID-19 situation subsides. Steel traded at USD 502 per metric ton on 4 October, which was down 11.9% from the same day in September. Moreover, the price was 30.4% lower on a year-to-date basis and was down 39.5% from the same day in 2018.