Natixis bank broadens metals fraud lawsuit, targets Glencore ... Fri 15th Dec 2017 00:00 GMT
French bank Natixis has broadened its $32 million lawsuit over fraudulent receipts for nickel stored at warehouses in Asia by adding a unit of commodities giant Glencore as a defendant, a court filing showed [see article
]ArcelorMittal extends conversion date for $1 bn bonds Fri 15th Dec 2017 00:00 GMT
ArcelorMittal announces the extension of the conversion date for the USD 1 billion privately placed mandatory convertible bond (MCB) issued on December 28, 2009 by one of its wholly-owned Luxembourg subsidiaries, the steel giant said in a statement [see article
]Egypts Ezz Steel Q3 profits surge by 551pct Thu 14th Dec 2017 21:25 GMT
amwalalghad reported that Egypts largest steel producer Ezz Steel reported a 551%increase in its profits to reach 318.4 million Egyptian pounds (USD 17.8 million) during the three months ended in September 2017. Earlier, profits stood at 48.9 million [see article
]Ezz Steel SAE : quarterly losses decline 16.3% on sales ... Thu 14th Dec 2017 18:29 GMT
Cairo - Mubasher: Ezz Steels losses declined by 16.3% year-on-year in the third quarter of 2017 on the back of sales growth, the company's financial statements showed on Thursday. Losses decreased to EGP 107 million in the three-month period ended 30 [see article
]Ezz Steel's losses deepen in 9 months Thu 14th Dec 2017 05:14 GMT
CAIRO 14 December 2017: Al-Ezz Steel Company recorded LE 1.39 billion in net loss in the first nine months of 2017, compared to LE 564 million in losses in the same period last year. In a statement to the Egyptian Exchange, Ezz Steel said that its [see article
]Broker Forecast - Barclays Capital issues a broker note ... Thu 14th Dec 2017 00:00 GMT
Barclays Capital today reaffirms its overweight investment rating on Glencore PLC (LON:GLEN) and cut its price target t [see article
]BRIEF-Egypt's Ezz Steel Q3 Consol Loss Widens Wed 13th Dec 2017 22:54 GMT
Dec 14 Reuters - EZZ STEEL CO: * Q3 CONSOL NET LOSS ATTRIBUTABLE TO SHAREHOLDERS EGP 315.1 MILLION VERSUS LOSS OF EGP 187.7 MILLION YEAR AGO * Q3 CONSOL NET SALES EGP 11.45 BILLION VERSUS EGP 5.92 BILLION YEAR AGO Source: (bit.ly/2o0Vjvh) Further company [see article
]Industry hails Afreximbank package Wed 13th Dec 2017 11:01 GMT
Bulawayo City Council Economic Development Officer, Mr Bryn Hlongwane said the revival of ZISCO Steel and NRZ is key to the development of the city as the engineering sector together with the metal fabrication businesses needs a huge supply of steel which [see article
]Iron ore pellet buyers eye Vale premium as many negotiations ... Wed 13th Dec 2017 03:14 GMT
Iron ore pellet premiums for 2018 remain to be settled for many The Vale and BHP Billiton joint venture Samarco operation may come back by mid-2018, ING Bank said in a note, following reports Samarco had secured waste system permits [see article
5 Solid Steel Stocks that Thumped the S&P 500 in ... Fri 15th Dec 2017 13:45 GMT
Developing economies are gaining from an upturn in the world economy and economic reforms across several countries including India and Brazil. Steel Glut a Concern, but China Winter Cuts to Tighten Output The global steel industry continued bear the brunt [see article
]Steel Industry Stock Outlook - December 2017 Fri 15th Dec 2017 12:38 GMT
Developing economies are gaining from an upturn in the world economy and economic reforms across several countries including India and Brazil. Story Continues Steel demand in Japan is on the rise aided by government stimulus package, improving exports and [see article
]China is quietly creating a giant, state-owned automaker Fri 15th Dec 2017 11:32 GMT
After lengthy negotiations with BAIC, Fujians government refused to give up control of Beijing already has demonstrated its ability to consolidate other state-owned enterprises. The steel industry offers a good example. Baosteel Group was China's [see article
]HBIS Laoting Steel ordered two continuous slab casters ... Thu 14th Dec 2017 21:15 GMT
HBIS Laoting was founded in 2017 in order to transfer production capacities out of the core city of Tangshan,.and belongs to HBIS Group Co., Ltd. HBIS Group is one of China's largest iron and steel material manufacturers and comprehensive service suppliers [see article
]Discover the Global europium market supply, sales, revenue ... Thu 14th Dec 2017 03:42 GMT
Access Report at: www.themarketreports.com/report/glrvey-report-2017 Companies like Avalon Rare Metals, Great Western Minerals, Canada Rare Earth, Rare Element Resources, Baotou Steel Rare-Earth, Molycorp, Lynas, Minmetals, Xiamen Tungsten, Indian Rare [see article
]China Firms Ditch Bonds For Banks in Search for Funds Thu 14th Dec 2017 02:12 GMT
Guirenniao Co., a sportswear maker based in China's southeastern Fujian province had to pay investors 7.30% on socialist-style state intervention to manage everything from steel and coal output to the Chinese currency's value. The policy priority [see article
]Report explores the rare earth elements industry Thu 14th Dec 2017 00:33 GMT
Agency -. Enquire more at www.orianresearch.com/enquiry/427451. Key Companies Analysis:- INNER MONGOLIA BAOTOU STEEL RARE EARTH, MOLYCORP, CHINA RARE EARTH HOLDINGS, INDIAN RARE EARTHS LTD, GREAT WESTERN MINERAL GROUP, LYNAS CORPORATION LIMITED [see article
]ASIAN MORNING BRIEF 14/12: LME base metals diverge; Comex ... Wed 13th Dec 2017 16:30 GMT
In raw materials, Samarco has obtained preliminary and installation licenses to use the Alegria Sul caves to deposit tailings in its process of resuming iron ore pelletizing operations in Brazils southeastern Minas Gerais state. Rising Turkish bulk [see article
]El Ezz Aldekhela Steel Alexandria : LE-Ezz Aldekhela ... Wed 13th Dec 2017 04:37 GMT
ArabFinance: EL Ezz Aldekhela Steel - Alexandria (IRAX)announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2017, and ending September 30, 2017. The company posted consolidated net profits of LE239 [see article
]Why cabernet sauvignon is popular the world over Wed 13th Dec 2017 03:15 GMT
Chile pays homage to this wonderful grape, too, producing several collectable, iconic wines: Casa Real, from Santa Rita rossa soils have a marked reddish hue from deposits of iron ore, the grape takes on a delicious, mouth-watering blackcurrant [see article
SELECTED STEEL INDUSTRY MAPS
Middle East DRI plants
For other steel location maps, visit our steel industry maps page.
STEEL PLANT CAPITAL INVESTMENT COSTS
BOF SLAB PLANT
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
INTEGRATED HOT STRIP MILL
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.
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.
INDUSTRY SUPPLY & DEMAND FORECASTS FOR YEARS 2017-2018
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.
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.
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.