Skip to main content

International steel sector news and business intelligence.

This website is owned and operated by UK-based Metals Consulting International Ltd.
Our main business activity is steel industry capital investment appraisal.
You are here: www.steelonthenet.com >

STEEL INDUSTRY REPORTS

INDUSTRY AND COMPANY NEWS


melt shop steelworker

Metal stocks gain on likely trade deal 
Sat 14th Dec 2019 00:00 GMT
Vedanta, Hindalco Industries, Tata Steel and Steel Authority of India advancing [see original article]

ArcelorMittal initiates Rs 42,000 cr payment for Essar ... 
Sat 14th Dec 2019 00:00 GMT
According to banking sources, Payment from ArcelorMittal has started flowing and entire payment is expected to be cleared in a day or two. Another source privy to the development said ArcelorMittal has arranged the entire fund and is likely to transfer the amount by Monday. After the payment to the lenders, this will be the single-biggest recovery under [see original article]

Chinas car parking problem spawns start-ups with big ... 
Fri 13th Dec 2019 23:12 GMT
It was in November 2015 that the technical secondary school graduate decided to seek her fortune in Beijing, leaving her junior role at a company near Tangshan city, Chinas steel-producing capital [more]

Iran Posts 7% Rise in Steel Output 
Fri 13th Dec 2019 05:35 GMT
Given the indigenized technical knowhow and knowledge made in Iranian mines and mineral sector, Irans steel industry has been less unfazed as a result of the US sanctions imposed on the country, [see press release]

NLMK Group recognized as an energy efficiency leader ... 
Fri 13th Dec 2019 00:00 GMT
NLMK Group was ranked third in the Top 20 Energy Efficient Companies annual ranking, compiled by Expert RA based on performance data for 600 leading [see report]

Is Nucor (NUE) a Great Value Stock Right Now? 
Fri 13th Dec 2019 00:00 GMT
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore [more]

Mount Gibson Iron (ASX:MGX) appoints new executive director 
Thu 12th Dec 2019 12:34 GMT
Mr Rucai will represent Mount Gibson's second largest shareholder - Shougang Fushan Resources Group the board as a senior engineer with a doctoral degree in metallurgy and with more than 30 [more]

Nippon Steel & Sumitomo Metal Corporation - Press ... 
Thu 12th Dec 2019 09:13 GMT
Notice regarding the termination of the duty to file reports [read report]

Elizabeth Gaines delivers big time at Fortescue 
Thu 12th Dec 2019 05:02 GMT
Vales dam disaster at Samarco in Brazil had also reduced the competitive supply of iron ore. Iron prices spiked as high as $US122 a tonne mid-year and remain at a very healthy level of over $US90 [read original report]

POSCO joins forces with Chinas HBIS in high-end auto ... 
Wed 11th Dec 2019 21:39 GMT
The new joint venture is expected to be based in Tangshan in China's northern Hebei province, near HBIS's Laoting cold rolling steel plant, and will focus on developing high-end steel products [more]

3Q19 figures announced for metals and mining industry ... 
Wed 11th Dec 2019 03:22 GMT
The top five deals of 3Q19 tracked by GlobalData were: Liberty House Groups US$841.11 million asset transaction with ArcelorMittal The US$658.99 million acquisition of Maanshan Iron & Steel [more]


We also show stainless steel sector news and other specialty metal news reports.
To see all our latest news check out our other news pages.



SELECTED STEEL INDUSTRY MAPS


Map of European BOF plants

European BOF plants

For other steel location maps, visit our Steel Maps page.




STEEL WORKS CAPITAL INVESTMENT COSTS


BOF SLAB PLANT

capex cost of BOF steel plant
All estimates are in 2016 US dollars.
For further info visit our
capital investment costs page.

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

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

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


INTEGRATED HOT STRIP MILL

hot strip mill capital investment costs
All estimates are in 2016 US dollars.
For further info visit our capex costs 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 I&S investment in Fangchengang Port in China
  • ArcelorMittal modernisation in Karnataka, India
  • Tata joint venture with VSC & Vicem for investment in Vung Ang in Vietnam.

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




EMPLOYMENT BENCHMARKS


steel plant employment benchmarks

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

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




INDUSTRY SUPPLY & DEMAND FORECASTS FOR YEAR 2020

Table below shows global crude steel output volumes and capacity figures - as assessed by World Steel Association and by the OECD to 2020 - and resulting calculation of steelmaking capacity utilisation. The overall picture for 2020 as compared to 2019 is that of a very small increase in global capacity utilisation at crude steel level, from 79.7% to 79.8%.


Year
Production
million t
Capacity
million t
Capacity
Utilisation
2012
1560
2100
74.3%
2013
1650
2271
72.7%
2014
1670
2316
72.1%
2015
1620
2334
69.4%
2016
1627
2281
71.3%
2017
1689
2245
75.2%
2018
1819
2291
79.4%
2019
1838
2306
79.7%
2020
1852
2322
79.8%
Source: MCI analysis. Table last updated 26-Apr-19.



OTHER USEFUL METAL INDUSTRY SITES

Why not check out the following news websites for the latest steel market and steelmaking raw material news?

Steel Guru at www.steelguru.com

SteelOrbis at www.steelorbis.com