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.




FULL TEXT: Mliswa Exposes Corruption Inside Govt, Cabinet tweet
Tue 23rd Jan 2018 03:40 GMT
How much money has gone into domestic resource mobilisation We were told that ZISCO Steel needs only $65 million, Kamativi needs a little bit of money but yet we have these people who are called investors who were sitting on our resources. We have the [see article]

Brokerages Set Nucor Co. (NUE) Price Target at $69.50 tweet
Tue 23rd Jan 2018 03:03 GMT
Shares of Nucor Co. have received a consensus recommendation of Buy from the seventeen ratings firms that are covering the company, reports [see article]

Zimbabwe Planning Comprehensive Reform of State Companies tweet
Tue 23rd Jan 2018 02:02 GMT
Loss-making businesses owned by government include Air Zimbabwe, Zisco, an iron and steel mill, the Grain Marketing Board and National Railways of Zimbabwe. By October, government businesses had made a loss of $206 million for the year and of the 93 state [see article]

The year of the great turnaround tweet
Mon 22nd Jan 2018 23:07 GMT
the production of substandard steel products were closed by last October, with combined capacity reaching 140 million tons, according to the NBS. Authorities sent 12 inspection groups to areas including Hebei, Henan and Heilongjiang provinces and the [see article]

Political will and a north wind lift Beijing up Chinas ... tweet
Mon 22nd Jan 2018 18:25 GMT
Northern China is home to most of the countrys biggest steel producers and is often shrouded in heavy The biggest emissions came from Henan, Hebei and Shandong, and the smog was blown south. It will take more work if Beijing is to retain [see article]

Zisco debt must be audited tweet
Mon 22nd Jan 2018 14:19 GMT
Before the Government assumes the Zisco Steel debt, it is every progressive Zimbabweans hope to see a debt audit being conducted to determine how the debt was accrued, said ZIMCODD. ZIMCODD noted that instead of Government assuming the companys [see article]

Govt pays former Zisco employees tweet
Sun 21st Jan 2018 14:29 GMT
Munyaradzi Musiiwa, Midlands Correspondent THE Government has honoured its commitment to pay retrenched Zimbabwe Iron and Steel Company (Zisco) workers their outstanding salaries backdated to 2009 as well as their packages. Zisco workers have for the past [see article]

Govt Pays Zisco Workers Outstanding Salaries Dating Back ... tweet
Sun 21st Jan 2018 02:14 GMT
The Government has honoured its commitment to pay retrenched Zimbabwe Iron and Steel Company (Zisco) workers their outstanding salaries backdated to 2009 as well as their packages. Zisco workers have for the past five months been receiving their [see article]

How the revival of ZISCO will solve half of Zimbabwes ... tweet
Sat 20th Jan 2018 08:41 GMT
Zimbabwe is planning to take over ZISCOs $450 million debt to pave way for a Hong Kong based company to take over the steel maker. Contributing to the 2018 budget in Parliament on Thursday Gabbuza said: If you sort out ZISCO Steel you have solved [see article]


Bulk carrier rates sink as Brazils iron ore exports wane tweet
Mon 22nd Jan 2018 14:33 GMT
Amid rising steel inventories, a slump in iron ore demand is affecting shipping, said Tramp Data Service, a maritime data company. Freight rates, which are linked to charter rates, for iron ore from Brazil to China have dropped by more than 30% since [see article]

Brazil's crude steel output up 10% in 2017; sales rise ... tweet
Mon 22nd Jan 2018 10:20 GMT
Crude steel output in Brazil increased by 9.90% year-on-year in 2017, according to figures released by national steel institute Ao Brasil on Monday January 22. Production reached 34.36 million tonnes, against 31.27 million tonnes in 2016. Last years [see article]

BRIEF-Hunan Valin Steel's Chairman Resigns Due To Change ... tweet
Mon 22nd Jan 2018 03:17 GMT
Jan 22 Reuters - Hunan Valin Steel Co Ltd: * SAYS CHAIRMAN CAO HUIQUAN RESIGNS DUE TO CHANGE IN JOB ROLE Source text in Chinese: Further company coverage: (Reporting by Hong Kong newsroom) [see article]

Supply fears drive zinc, lead higher tweet
Sun 21st Jan 2018 12:57 GMT
CHINA POLLUTION: Zhengzhou, capital of key aluminium-smelting province Henan, raised its air pollution alert to red The metal used to galvanise steel was on track for a sixth week of gains. STOCKS: On-warrant LME stocks fell by 24,175 tonnes to [see article]

Chhattisgarh withdraws law that would have allowed the ... tweet
Fri 19th Jan 2018 08:24 GMT
About 15 per cent of Indias steel is produced in the State The Three Grades of Servants cult, an underground pseudo-Protestant sect founded in Henan, is especially strong in the countryside. Those convicted claim they are just ordinary Christians [see article]

METALS-Supply fears drive lead and zinc to multi-year ... tweet
Fri 19th Jan 2018 04:38 GMT
CHINA POLLUTION: Zhengzhou, capital of key aluminum-smelting province Henan, raised its air pollution alert to red The metal used to galvanize steel was on track for a sixth week of gains. STOCKS: On-warrant LME stocks fell to 98,400 tonnes after [see article]

China needs the world more than ever right now. Don't ... tweet
Fri 19th Jan 2018 03:00 GMT
Some examples: In the public sector, the local government in Baotou, Inner Mongolia is allowing civil servants It needs to use its oversupply of commodities like steel. It needs to put its companies to work, especially massive heavily indebted quasi [see article]

BHPB Iron Ore production update for December 2017 tweet
Fri 19th Jan 2018 01:35 GMT
BHPB announced that its total iron ore production for the December 2017 half year was Mining and processing operations at Samarco remain suspended following the failure of the Fundo tailings dam and Santarm water dam on 5 November 2015 [see article]

BRAZIL: Camex Refrains From Adopting Antidumping Duties ... tweet
Fri 19th Jan 2018 00:11 GMT
(Agencia CMA Latam) - The Brazilian Foreign Trade Chamber (Camex) refrained from adopting anti-dumping duties to imports of rolled steel from Chinese and Russian companies for now, said the Minister of Planning, Dyogo Oliveira, after a meeting. According [see article]

BHP flags impairments tweet
Wed 17th Jan 2018 22:09 GMT
BHP said it was unable to provide an update on the ongoing financial impacts of the November 2015 Samarco disaster. Meanwhile, half-year iron ore production was 117 million tonnes, in line with the prior year, and guidance for the 2018 financial year [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.