Steel industry news and business information website.

This website is owned and operated by UK-based Metals Consulting International Ltd.
Our main business activity is steel industry capital investment appraisal.




Broker Forecast - Deutsche Bank issues a broker note ... tweet
Mon 15th Jan 2018 00:00 GMT
Deutsche Bank today reaffirms its buy investment rating on Glencore PLC (LON:GLEN) and raised its price target to 450p [see article]

BHP puts $US1b price tag on Samarco stake tweet
Sun 14th Jan 2018 08:45 GMT
BHP is asking Vale SA to pay about $US1 billion ($1.3 billion) for its 50 per cent stake in the Samarco iron ore joint venture, people familiar with the matter said. The valuation includes the provision that BHP would continue to assume its share of the [see article]

Steel prices drop in top producer as bulls suffer setback tweet
Sat 13th Jan 2018 12:48 GMT
A worker walks past a pile of steel pipes at the yard of Youfa plant in Tangshan in Chinas Hebei province. Steel prices in China are coming back down to earth, fast. Reinforcement bar, a benchmark product thats used in construction, sank to the [see article]

Nucor (NUE) Stock Rating Upgraded by Zacks Investment ... tweet
Fri 12th Jan 2018 23:29 GMT
Zacks Investment Research currently has $76.00 price objective on the basic materials company's stock. According to Zacks, Nucor remains committed to expand its production capabilities and grow its business through strategic acquisitions [see article]

Local entities respond to Kirby layoffs tweet
Fri 12th Jan 2018 19:09 GMT
Dozens are now out of work following a Starkville manufacturer shifting its production operations to another state, but several local leaders and workforce development officials are confident the transition for affected employees will be made easier by opportunities already available in the region. Kirby Building Systems, which operates under the Nucor Corporation brand at the former Gulf States plant on Airport Road, announced roughly 100 employees would be let go on Wednesday after the parent company decided to move production to Portland, Tennessee [see article]

Leavell Investment Management Inc. Lowers Stake in Nucor ... tweet
Fri 12th Jan 2018 14:38 GMT
Leavell Investment Management Inc. decreased its stake in shares of Nucor Co. by 21.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission [see article]

Global Steel Long Products Industry 2017 Growth and Key ... tweet
Fri 12th Jan 2018 02:36 GMT
Posco ;Nssmc ;Thyssenkrupp ;Baosteel ;Hbis ;Shagang Group ;Wisco ;JFE ;XXCIG ;Ansteel Group ;Tata Steel ;Bohai Steel ;Shougang Group Global Steel Long Products Market focuses on global major leading industry players providing information such as [see article]

STEEL WEEK IN BRIEF: Cyclone in Australia, higher steel ... tweet
Fri 12th Jan 2018 00:00 GMT
Brazilian steel mill CSN increased its flat steel prices to the local distribution chain by 12%. Export prices for Brazil-origin steel slab increased on higher raw materials costs and limited supplies from other regions. US steelmakers Nucor and Gerdau [see article]

NLMK 2018 Financial Calendar tweet
Fri 12th Jan 2018 00:00 GMT
NLMK Group (LSE: NLMK), an international steelmaking company with operations in Russia, the USA, and the European Union, is pleased to inform you that it has published its 2018 financial calendar on its web-site [see article]


Brazilian imports of flat steel products jumped by 84.5pct ... tweet
Sun 14th Jan 2018 20:47 GMT
Imports of hot-dipped galvanized steel sheet soared 92.9% in 2017 to 263,757 tonne from 136,614 tonne in 2016. Analyzing only December's imports, Brazil imported 14,802 tonne, down 60.9% from 37,924 tonne in December 2016. These imports were valued at $9 [see article]

Iron & Products tweet
Sun 14th Jan 2018 12:16 GMT
Hunan Hyster Material Technology Co., Ltd. Material: Low carbon steel wire Wire Gauge: BWG8#-36# (wire diameter from 4.19mm-0.10mm) Feature: Black and soft, high tensile strength, can be used an tie wire i [see article]

Drilling Machine tweet
Sun 14th Jan 2018 12:16 GMT
The die position can be exchanged Jinan Tianchen Aluminum Machine Corp., Ltd. Product Description TPD2016 Top manufacturer CNC drilling machine for steel plates Applicable Industry: The machine is the automatic special drilling machine for steel [see article]

Reform will be nation's watchword this year tweet
Sat 13th Jan 2018 17:43 GMT
When he addressed the BRICS Business Summit in Xiamen, Fujian province, in September Last year, China achieved its target of slashing steel production capacity by around 50 million metric tons and reducing coal production capacity by at least 150 [see article]

Renewable energy: Green solutions that use toxic heavy ... tweet
Fri 12th Jan 2018 08:00 GMT
The inner-Mongolian city of Baotou is an extreme example of the problems of rare the Queensland Resources Council estimates about 220 tonnes of coal are needed to create the steel to build a turbine capable of generating 1 megawatt [see article]

WSA: crude steel output maintains sharp growth in November tweet
Fri 12th Jan 2018 00:43 GMT
Global: The 66 countries reporting to the World Steel Association churned out 1.536 billion tonnes % to 92.473 million tonnes), Turkey (+12.7% to 34.163 million tonnes) and Brazil (+9.1% to 31.542 million tonnes). Also in this years January-November [see article]

BRAZIL: CSN Raises Steel Price For Distribution By Around ... tweet
Thu 11th Jan 2018 13:46 GMT
Steelmakers are under pressure of rising raw material costs, such as iron ore, and the stronger prices of steel in China. There was an expectation at the end of last year that steel prices would fall, but they are holding up, and there are already those [see article]

Morning View - Strengthening dollar draws metals lower tweet
Wed 10th Jan 2018 05:25 GMT
While the government crackdown on smog in the heavily industrialised northern provinces have triggered fears of supply shortages, giving a major boost to iron ore and steel futures has now increased its holding in Casa Mining from 84.7% to 87.4% [see article]

Morning View - Zinc advances to decade highs on waning ... tweet
Tue 9th Jan 2018 01:46 GMT
Iron ore spot surges 3.1% to their highest in four months as investors which comes against the background of Ortacs continuing acquisition of the licence holder, Casa Mining, has generated higher grade intersections including: o A 4.55m wide [see article]

To see other steel sector news reports, check out our other steel news pages.


Middle East DRI plants
Middle East DRI plants

For other steel location maps, visit our steel industry maps page.



All cost estimates are in 2016 US dollars.
For further info visit our steel capex page.

Capital costs describe investment for an integrated slab plant with continuous casting, typically with coke, sinter etc. Representative investments include:

  • CSA slab mill investment in Sepetiba, Brazil
  • CSN investment in Itaguai, Brazil
  • CVRD-Baosteel joint venture in Vitoria, Espirito Santo in Brazil
  • Sinosteel Corporation's investment in Jharkand, India.

Average cost: $4300m
Average capacity: 4210 kt
Sample size: 12
Average cost/tonne: $1050/t


All cost estimates are in 2016 US dollars.
For further info visit our steel capex page.

Chart describes investments in ore-based integrated steel plants with hot strip production and sometimes other additional downstream rolling capability. Typical examples include:

  • Wuhan Iron & Steel investment in Fangchengang Port in China
  • ArcelorMittal investment in Karnataka, India
  • Tata Steel joint venture with VSC & Vicem for investment in Vung Ang in Vietnam.

Average cost: $7560m
Average capacity: 6660 kt
Sample size: 16
Average cost/tonne: $1200/t

Analyses above were last updated in January 2016. For further item-specific capital investment data see our steel capex database page.


steel sector employment benchmarks

Chart above shows current employment levels at 114 different steel firms around the world - companies that make flat, long and/or tubular carbon steel products. An average steel producer with a production capacity of ~3 mt steel/year typically thus has ~4000 employees. If your steel company employs more than this, please call us - our technical experts can assist with steel plant productivity improvement.

To discuss the interpretation of this chart and/or further information (including employment benchmarks for specialty steel production) please email us at the address shown at the foot of the page.


Table below shows global crude steel production volumes and capacity figures - as assessed by World Steel Association and by the OECD to 2018 - and resulting calculation of steelmaking capacity utilisation. The overall picture for 2018 as compared to 2017 is that of a tiny reduction in the global capacity surplus [which will fall from ~602mt to ~598mt] and a small but significant improvement in world capacity utilisation at the crude steel level.

million t
million t
Source: MCI analysis. Table last updated 15-Nov-17.

Graph below shows the relationship between steel prices and the global level of capacity utilisation - and indicates (both for HRC and for rebar) that prices fall ~$27/tonne per 1% drop in capacity utilisation.

world steel price levels

In 2017, on the basis that world capacity utilisation remains largely at 2016 levels of approx 67.4% (see table), MCI's consultants expect steel prices to remain at 2016 levels. In 2018, assuming a very small improvement in global capacity utilisation, we forecast just a tiny increase in steel price levels of the order of $5/tonne (hot rolled coil and reinforcing bar). For other products and / or for steel price forecasts through to 2020, please contact us.