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.




Thu 22nd Feb 2018 00:00 GMT
RNS Number: 6786F Evraz Plc 22 February 2018 NOTICE OF FY2017 RESULTS AND CONFERENCE CALL DETAILS 22 February 2018 - EVRAZ plc (LSE: EVR) will release its financial results for the year ended 31 December 2017 on Thursday, 1 March 2018. A conference call to discuss the results hosted by Alexander Frolov, CEO, and Nikolay Ivanov, CFO, will [see article]

Nucor Co. (NUE) Shares Sold by Wedbush Securities Inc. tweet
Wed 21st Feb 2018 21:44 GMT
Wedbush Securities Inc. lowered its stake in shares of Nucor Co. by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission [see article]

Ukraine: EMSS to produce rolls for AMKR tweet
Wed 21st Feb 2018 11:09 GMT
Energomashspetsstal will supply a new batch of rolls to ArcelorMittal Kriviy Rih. The batch with the total weight of 78.96 tons will consist of 13 rolls. The delivery is scheduled for Q2 2018. The contract was concluded in 2016. The companies have been cooperating since 2011. (Ukrainian metal) [see article]

Ternium Brasil, Calvert steel mill in Alabama extend ... tweet
Wed 21st Feb 2018 11:02 GMT
The length of a supply deal between Latin American steelmaker Ternium's recently acquired Brazil slabmaking operations and the Calvert mill in Alabama owned by ArcelorMittal and Nippon Steel has been extended by 12 months to December 2020, CEO Daniel [see article]

Irans iron ore output increases tweet
Wed 21st Feb 2018 06:09 GMT
The figure indicates a 16 percent increase compared to the preceding year, IMIDRO said on Feb. 17 followed by Mobarakeh Steel Co. (6.33 million tons), Khuzestan Steel Co.(5.37 million tons), Chadormalou(2.89 million tons), Middle East Mine Industries [see article]

Watch: Creditors reject Liberty Group's bid for Bhushan ... tweet
Wed 21st Feb 2018 00:00 GMT
The Committee of Creditors has rejected the bid of UK-based Liberty House to acquire Bhushan Power and Steel Limited, leaving Tata Steel and JSW Steel in the race for taking over the assets of the bankrupt firm, media reports said [see article]

Resolution professional denies ArcelorMittal, Numetal ... tweet
Wed 21st Feb 2018 00:00 GMT
A day after reports said that the bids of ArcelorMittal and Numetal Mauritius for Essar Steel have been disqualified, resolution professional Satish Gupta has written to the stakeholders saying that the proposals are still being evaluated [see article]

Preliminary Results 2017 tweet
Wed 21st Feb 2018 00:00 GMT
RNS Number: 4435F Glencore PLC 21 February 2018 Glencore plc Baar, Switzerland 21 February, 2018 Preliminary Results 2017 Highlights Glencore's Chief Executive Officer, Ivan Glasenberg, commented: Our performance in 2017 was our strongest on record, driven by our leading Marketing and Industrial asset businesses. Marketing Adjusted EBIT exceeded $3 bi [see article]

Liberty's bid rejected; Tatas all set to bag Bhushan ... tweet
Wed 21st Feb 2018 00:00 GMT
The lenders' refusal to entertain Liberty's late bid means that Tata Steel now the clear leader in the race to buy out the unlisted Bhushan Power SOTN-REMOVE Steel [see article]


Chinas scrap steel exports soar in 2017 tweet
Thu 22nd Feb 2018 17:33 GMT
Fujian and Hainan. China phased out the production of 140 million tons of ditiaogang last year as part of efforts to reduce excessive capacity in the steel sector [see article]

US Section 232 would redirect steel imports into EU ... tweet
Thu 22nd Feb 2018 16:54 GMT
The global alternative would see a likely quota of 63% on 2017 import levels or a duty of 24% applied to all countries and possibly to all steel products. The country-specific subset alternative would see tariffs on Brazil, South Korea, Russia [see article]

Steel cord market forecast to 2023 published by leading ... tweet
Thu 22nd Feb 2018 12:17 GMT
Steel Cord market globally is witnessing good traction which India and Southeast Asia), South America (Brazil, Argentina, Columbia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). The report further covers the [see article]

Central People Government of People Re : Chinas scrap ... tweet
Wed 21st Feb 2018 18:24 GMT
Fujian and Hainan. China phased out the production of 140 million tons of 'ditiaogang' last year as part of efforts to reduce excessive capacity in the steel sector. The Central People's Government of the People's Republic of China published this content [see article]

BRAZIL: Steel Distributors May Increase 2018 Domestic ... tweet
Wed 21st Feb 2018 13:48 GMT
The Brazilian Institute of Steel Distributors (Inda) estimates that steel sales in the country can grow more than the initial projection of a 5% increase in 2018. If the first two months confirm a good growth, this 5% projection should be behind us [see article]

Localities affected by Samarco disaster to receive special ... tweet
Wed 21st Feb 2018 12:35 GMT
A total of 39 Brazilian municipalities affected by the collapse of iron ore pellet maker Samarco's Fundo tailings dam in Minas BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or [see article]

Surge seen in steel scrap export tweet
Wed 21st Feb 2018 04:38 GMT
Most of the steel scrap suppliers export the material from South China's Guangdong and Hainan provinces as well as East China's Jiangsu, Zhejiang, and Fujian provinces to neighboring Southeast Asian countries including Indonesia, Vietnam and Thailand [see article]

Brazil steel sector raps US Section 232 investigation ... tweet
Wed 21st Feb 2018 03:01 GMT
BRASILIA: The Brazil steelmaker sector is not interested in negotiating lower US tariffs for its products, only their elimination, Marco Polo de Mello Lopes, president of the Aco Brazil steel institute, said Friday. As a result of a US Section 232 [see article]

Maximising returns: Chinese steel mills to ramp up output ... tweet
Tue 20th Feb 2018 16:33 GMT
MANILA/SHANGHAI Reuters - China's steel producers are eager to unleash their mills' capacity when this winter's output curbs end next month, hoping for a repeat of last year's record profits based on high margins and less competition as outdated plants [see article]

Trump weighing options for global steel tariff; Canada ... tweet
Tue 20th Feb 2018 08:39 GMT
One would see the U.S. impose a 24 per cent tariff on steel imports from everywhere Canada included. Another option is a 53 per cent tariff on a smaller list of countries that does not include Canada, but does include Brazil, China, Costa Rica [see article]

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


USA zinc coating lines
USA zinc coating lines

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