Overall, western food is not quite popular in China. Yes, KFC, MC's and Starbucks are like everywhere in Shanghai. But a good steakhouse is not easy to find. Expensive hotels usually have some western restaurants. But you know hotel food is usually expensive but tastes horrible. Following are some western restaurants where you can taste a good steak.
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Moon's Steakhouse(好地方精烧扒轩)

Moon's Steakhouse is located in Xin Tian Di(新天地). It is an expensive restaurant that would easily cost you more than 400 RMB. But you will know the steak is good quality meat and is worth the money. However the steak might often be a little over cooked so make your request a little rarer. The cheese cake here is also good.

Address: Room2, Building 6, Lane 123, Xing Ye Road, close to Ma Dang Road (兴业路123弄6座2室,近马当路). How to get to: South Huang Pi Road Station(黄陂南路站) of Metro No.1.
Tel: 021-63365683.
Website: http://moonssteakhouse.com/
All About Shanghai www.allaboutsh.com

Wang's Steak(王品台塑牛排馆)

Wang's Steak is a chain Taiwanese Steakhouse. They offer a 6-course set menu that costs 228RMB. Their trademark steak is different from what you think is. They say that the steak is made up of meat taken from the sixth and eighth ribs. And it can only be well done. It tastes quite tender though. If you like the traditional steaks, there are also other steaks that can be made rarer. The service is not bad. Overall it is a good place to taste some good meat though it is a Taiwanese Steakhouse.
All About Shanghai www.allaboutsh.com
Wang's Steak have three branches in Shanghai.
Search the branches of Wang's Steak.
All About Shanghai www.allaboutsh.com

Monty's Steak House(满迪牛排馆)

The decoration of Monty's Steakhouse is quite nice. There is usually a Phillipine band walking around and performing. But of course the most important thing is the steak. 26RMB for one ounce. Recommend to order at least eight ounces so that you will not regret later :)
All About Shanghai www.allaboutsh.com
Address: No.69 - No.71, Yan Dang Road, close to Nan Chang Road (雁荡路69-71号,近南昌路)
How to get to: South Huang Pi Road Station(黄陂南路站) of Metro No.1.
Tel: 021-63850777

	Chinese	Pin Yin
Steak	牛排	Niu Pai