CORPORATE NEWS
NCLAT wrongly allowed ArcelorMittal to pay dues after ... 
Thu 20th Sep 2018 01:00 GMT A bench of Justices R F Nariman and Indu Malhotra has been hearing the cross appeals of NuMetal and steel and mining major ArcelorMittal against the order of the National Company Law Appellate Tribunal (NCLAT) [
full report]
Vale says it could expand Brazil iron ore mine as Chinese ... Thu 20th Sep 2018 00:57 GMT DALIAN, China Reuters - Mining giant Vale is looking at expanding its flagship iron ore project in Brazil amid growing Chinese appetite Poppinga said that almost 90 percent of Chinese steel capa [
full report]
Steel workers gear up for strike, potentially derailing ... Wed 19th Sep 2018 16:24 GMT It would follows another strike by 16,000 U.S. Steel workers that was approved earlier this month, and together, they could hinder what President Trump calls a "thriving" industry in the U.S [
full report]
Banks led by SBI had asked ArcelorMittal to clear dues ... Wed 19th Sep 2018 01:00 GMT SC had asked NuMetal to establish that there was subterfuge on part of rival ArcelorMittal in divesting its shares in two debt-ridden firms before bidding for Essar Steel [
full report]
Electrical Steel Market Report 2018 scrutinized in new ... Tue 18th Sep 2018 16:14 GMT TATA Steel, ArcelorMittal, Stalprodukt S.A., ATI, WISCO, TISCO, Baosteel, Shougang, Ansteel, Masteel , Benxi Steel Electrical Steel market research report provides the newest industry data and industr [
full report]
Brazil flat steel distributors notified of 5% price hike ... Tue 18th Sep 2018 15:03 GMT Sao Paulo Brazilian independent flat steel distributors and service centers have been notified of a 5% price hike for purchases from Usiminas and CSN, effective October 1, Carlos Loureiro, president [
full report]
Global High Strength Steel Market Dominant Engineering ... Tue 18th Sep 2018 03:16 GMT Novolipetsk Steel, Nucor Corporation, Posco, Saab Group, Schuler Group, Shougang Corporation, Steel Authority of India Limited, Tata Steel Limited, Usiminas, Voestalpine Group,etc. Further, Global Hig [
full report]
SC asks Numetal to establish subterfuge charge against ... Tue 18th Sep 2018 01:00 GMT The observation by the court came when NuMetal accused steel and mining major ArcelorMittal of cheating Indian banks of Rs 7,000 crore owed by Uttam Galva Steels and KSS Petron by selling its shares just before bidding for Essar Steel [
full report]
INDUSTRY NEWS
China's top iron ore trading platform eyes record volumes ... Thu 20th Sep 2018 05:09 GMT The last record of 35.35 million tonnes was set in 2016. Despite production restrictions in many cities including top-producer Tangshan, Chinas overall steel output only slipped 1.1 percent in August [
see news]
Gerdau Facing A Still-Challenging Brazil, But U.S. Margins ... Thu 20th Sep 2018 03:34 GMT These are still challenging days to be a steel producer in Brazil. Pushing through price increases takes some effort and patience, and demand is still being hamstrung by soft infrastructure [
see news]
Global Steel Scrap Industry : Detailed analysis of Jiuquan ... Thu 20th Sep 2018 01:17 GMT The Steel Scrap market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Steel [
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90pct of China's steel capacity to meet pollution rules ... Wed 19th Sep 2018 22:46 GMT He told By 2025 almost 90% of steel capacity in China will have complied including plants in the top steelmaking city of Tangshan [
see news]
Global Galvanized Structure Steel Market 2018-2025 Arcelor ... Wed 19th Sep 2018 22:21 GMT Bohai Steel, Shougang Group, CSC, Valin Steel Market Segmented Based on Application Construction, Automobile, Home Appliances, Others Market Segmented Based on Type Electrical Galvanized Structure Ste [
see news]
Flat Steel Market Growth by Industry Size, Share, Revenue ... Wed 19th Sep 2018 19:21 GMT One of the key emerging trends in steel service industry is the need to eliminate internal stresses in sheet and plate. Developing economies such as India, China, Indonesia and Brazil have a wide oppo [
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U.S. excludes S. Korean steel product from tariffs Wed 19th Sep 2018 19:16 GMT In late August, however, U.S. President Donald Trump signed an executive order that allows case-by-case exemptions for steel imports from South Korea, Argentina and Brazil depending on the [
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Shenzhen boss joins Lam for express rail countdown Wed 19th Sep 2018 14:43 GMT Other tours from Guangzhou, Fujian and Xiamen will arrive in Hong Kong between Sunday and Wednesday. Meanwhile, there was a followup to a report of a steel sign in a tunnel being ripped off its mount [
see news]
The Second Taiwan Strait Crisis, Mao and the Middle East Wed 19th Sep 2018 08:25 GMT On July 17, Mao ordered the Chinese air force to move into the Fujian Province, which borders the Taiwan Strait 600 million Chinese have a noose in their hands. This is a steel noose and it ties A [
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SELECTED STEEL INDUSTRY MAPS
European welded tube 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
Notes
Analyses above were last updated in January 2016. For further item-specific capital investment data see our steel capex database page.
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 potential 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.
Year
Production
million t
Capacity
million t
Capacity
Utilisation
Graph below shows the relationship between steel prices and global plant loading - 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 plant loading, 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.
OTHER USEFUL METAL INDUSTRY WEBSITES
Why not check out the following websites?
American Metal Market (AMM) at www.amm.com
Steel Guru at www.steelguru.com
SteelOrbis at www.steelorbis.com
Metal Bulletin at www.metalbulletin.com
