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.




BRIEF-Inner Mongolia Baotou Steel Union's Share Trade ... tweet
Tue 24th Apr 2018 05:04 GMT
April 4 Reuters - Inner Mongolia BaoTou Steel Union Co Ltd : * SAYS SHARE TRADE TO HALT FROM APRIL 9 PENDING ANNOUNCEMENT RELATED TO SHARE PRIVATE PLACEMENT Source text in Chinese: Further company coverage: (Reporting by Hong Kong [see article]

JSW seeks fresh round of bidding for Essar Steel tweet
Tue 24th Apr 2018 01:00 GMT
The NCLT directed the resolution professional (RP) to place before the CoC the first round of bids from Numetal and ArcelorMittal [see article]

Beijings war on pollution fuels state takeover of heavy ... tweet
Mon 23rd Apr 2018 08:23 GMT
While antipollution sweeps closed some private enterprises, state firms get a gentler touch. Jinan Steel, a unit of Shandong Iron and Steel Co. with about 20,000 employees, was shut in July. But many workers were moved to another unit. Premier Li Keqiang [see article]

Q3 2018 EPS Estimates for Nucor Co. Raised by Analyst tweet
Mon 23rd Apr 2018 08:11 GMT
Equities research analysts at Jefferies Group lifted their Q3 2018 earnings per share estimates for shares of Nucor in a research report issued on Friday, April 20th. Jefferies Group analyst S. Rosenfeld now expects that the basic materials company will earn $1.82 per share for the quarter, up from their prior estimate of $1.80 [see article]

UK Stocks-Factors to watch on April 23 tweet
Mon 23rd Apr 2018 05:35 GMT
Samarco iron ore mine is jointly owned by Vale and BHP . * FIDESSA: British financial trading systems firm Fidessa has ditched a takeover by Swiss banking software business Temenos in favour of a 1.5 billion-pound ($2.10 billion) deal with rival bidder Ion [see article]

Major banks lead ASX advance tweet
Mon 23rd Apr 2018 03:00 GMT
The Samarco iron ore mine is a joint venture between BHP and Vale. BHP closed up 1.2 per cent to $31.23. Newcrest Mining shares jumped after the company announced it would be able to return to full production after its Cadia Hill open pit was approved for [see article]

NCLT asks Bhushan Steel creditors to consider Liberty ... tweet
Mon 23rd Apr 2018 01:00 GMT
The tribunal's order came over a petition filed by Liberty House, challenging the rejection of its bid by the RP for Bhushan Power and Steel on account of late submission [see article]

Bhushan Power SOTN-AND Steel sale: NCLT asks lenders ... tweet
Mon 23rd Apr 2018 01:00 GMT
The National Company Law Tribunal (NCLT) today asked the lenders of Bhushan Power SOTN-AND Steel, led by PNB, to consider the bid submitted by UK-based Liberty House for the debt-ridden company. Allowing the plea of Liberty House, the tribunal has directed the committee of creditors (CoC) to complete its resolution proceedings by June 23 [see article]

BHP, Vale gain another Samarco extension tweet
Mon 23rd Apr 2018 00:27 GMT
The iron ore operations have been suspended since the tailings dam In December, BHP and Vale committed more than $40 million each in short-term facilities to their jointly-owned Samarco Minerao for ongoing repair works and restart planning [see article]

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US plans to impose quotas on Brazilian steel exports ... tweet
Tue 24th Apr 2018 16:18 GMT
The United States government has been pushing to apply quotas to steel exports from Brazil following negotiations stemming from the Section 232 investigation, according to Brazilian steel institute Ao Brasil. The US government has flagged it plans to [see article]

BRAZIL: INDA May Revise Down Forecast For Steel Sales ... tweet
Tue 24th Apr 2018 14:47 GMT
(Agencia CMA Latam) - Brazil's National Institute of Steel Distributors (INDA) may revise down its forecast for steel sales this year in the face of a slowdown in the pace of economic growth, said the entity's chairman, Carlos Loureiro. In the first [see article]

BRAZIL: Flat Steel Sales Up 3.4% In March To 262.9 Thousand ... tweet
Tue 24th Apr 2018 13:47 GMT
(Agencia CMA Latam) - Flat steel sales in Brazil rose 3.4% in March 2018 compared to the same period in 2017, reaching 262.9 thousand tons, said the country's Institute of Steel Distributors (INDA). Compared to the previous month, there was a 1.2% increase [see article]

Brazil's crude steel output rises tweet
Tue 24th Apr 2018 12:56 GMT
Brazilian crude steel production rose 4.9% year-on-year to 8.65Mt in the first quarter, according to local industry association IABr. Domestic steel sales BNamericas develops thousands of news articles, analyses and features every month, always [see article]

Anglo American to take 287m profit hit from cracked pipeline ... tweet
Tue 24th Apr 2018 09:37 GMT
Authorities in Brazil are particularly sensitive to the environmental impact Last year Minas Rio produced 16.8m tonnes of iron ore, used to make steel, but its output this year will now be closer to 3m. The company still hopes to produce 26m tonnes [see article]

China's Shrinking Steel Stockpiles Seen Giving Iron Ore ... tweet
Tue 24th Apr 2018 08:17 GMT
Falling steel inventories in China point to an improving outlook for iron ore through the rest of this half, according to one of the worlds top exporters of the raw material [see article]

$$ Fortescue eyes pick-up in Chinese steel demand after ... tweet
Tue 24th Apr 2018 02:11 GMT
Fortescue Metals Group has predicted a seasonal boost in Chinese steel demand for the current quarter after its shipments slipped in the first three months of the year, pushing down its shares in Sydney. [see article]

Press Release: Alton Steel, Inc. Produces its First Bar-in-Coil tweet
Tue 24th Apr 2018 01:00 GMT
ALTON, IL (April 23, 2018) Alton Steel, Inc. has produced the first bar-in-coil through its newly installed Garrett-style coiler. The $4.75 million project was approved in July 2017 by the ASI Board of Directors. The addition of this equipment complements ASIs existing offerings of hot-rolled, cut-to-length SBQ bars and boosts support for customers in [see article]

Higher industrial activity sends Brazil's ferrous scrap ... tweet
Mon 23rd Apr 2018 20:49 GMT
A year ago, clean steel scrap was being sold in Brazil at Real 430/mt, or 117%, below the current price -- a level that had held almost unchanged since 2015. Market sources say tight supply is the main driver of scrap prices nowadays, but Brazilian scrap [see article]

IMIDROs Report on Downstream, Upstream Steel Sectors tweet
Mon 23rd Apr 2018 15:24 GMT
A total of 38.34 million tons of iron ore concentrate was produced in Iran in the last fiscal year (ended March 20, 2018), to register an 18% growth compared to the year before. According to the Iranian Mines and Mining Industries Development and [see article]

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


World coke plants
World coke 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.


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American Metal Market (AMM) at
Steel Guru at
SteelOrbis at
Metal Bulletin at