CORPORATE NEWS
5 crucial things to know about the tensions between the ... 
Sun 19th Aug 2018 07:39 GMT Erdemir maintained that Erdogan's increasing estrangement from Two days later, Trump tweeted he would double steel and aluminum tariffs, predicting the Turkish lira would slide rapidly downward a [
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Crude steel production rises 17% in 4 months on year Sun 19th Aug 2018 00:31 GMT IMIDRO data put the countrys crude steel production at 7.062 million tons during the same four months of the previous year. Meanwhile, Irans export of the steel products has experienced a 117-percen [
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U.S. Steel, ArcelorMittal both propose cutting health ... Sat 18th Aug 2018 17:00 GMT U.S. Steel announced Thursday it would invest $750 million in Gary Works, and ArcelorMittal said earlier in the week it would spend $330 million to expand a plant in Brazil. But the steelmakers are sa [
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What can be done about Turkey's economic crisis Sat 18th Aug 2018 04:57 GMT Now, isn't that in some ways a fair point, given Donald Trump's steep new tariffs on Turkish steel and aluminium AYKAN ERDEMIR: Turkey's economic problems, have been long in the making. Economists an [
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Global and India Steel Rebars Market Research by Company ... Fri 17th Aug 2018 18:28 GMT Cost and Margin of Hebei Iron and Steel Table Sales Revenue, Volume, Price, Cost and Margin of Baowu Group Table Sales Revenue, Volume, Price, Cost and Margin of Jiangsu Shagang Table Sales Revenue, V [
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Emerging markets investors feel effects of Turkey crisis Fri 17th Aug 2018 04:01 GMT He said now was the time to buy, arguing investors were too quick to dismiss Turkey as a basket case. Having bought shares in steel company Erdemir in April, he saw its market value decimated this mon [
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INDUSTRY NEWS
GLOBAL BILLET WRAP: Prices drop in most markets on low ... Sun 19th Aug 2018 17:17 GMT Most global steel billet markets were shaken by a surge of low-priced China, Southeast Asia Billet prices in Chinas northern Tangshan region reached 4,040 yuan ($592) per tonne ex-works on August [
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ASX set to open stronger as Wall St finishes little changed Sun 19th Aug 2018 14:27 GMT Providing further upward momentum for coke was a 4 per cent rally in steel prices in afternoon trading amid market talk that Tangshan, China's top steelmaking city, is considering moving production cu [
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DESECRATION OF BRITISH WAR GRAVES Fri 17th Aug 2018 18:00 GMT One Chinese-owned shipping giant, Fujian Jiada, has been linked with the salvaging of The scrap is then shipped to China where it enters the global steel market, creating the prospect of the metal [
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Russia: Obukhovskoye Mine Group explodes Fri 17th Aug 2018 10:56 GMT Obukhovskoye Mine Group, Rostov region, a part of Ukrainian DTEK, has suspended coalmining following an explosion. According to preliminary information, during the preparation for the explosion works at the long face No. 501, blast-hole charges detonated. There is no information on the collapse of the mine, but 5 miners were injured and one perished as… [
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China restarts suspended projects for construction of ... Fri 17th Aug 2018 02:36 GMT Henan, Hunan, Hubei and Zhejiang provinces. In Shandong, electricity shortages are estimated at 3 gigawatts. This has led to weaker constraints in the coal mining sector. In May 2018, the National Ene [
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Dalian coke extends rally to record high as China output ... Fri 17th Aug 2018 02:00 GMT Providing further upward momentum for coke was a 4 percent rally in steel prices in afternoon trading amid market talk that Tangshan, Chinas top steelmaking city, is considering moving production cur [
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Forged Steel Grinding Media Industry 2018 Top Manufacturers ... Thu 16th Aug 2018 18:03 GMT The main market players are Longteng Special Steel, Oriental Casting and Forging, Sheng Ye Grinding Ball, Shandong Huamin, Jinan Huafu, etc. Download FREE Sample Copy of Forged Steel Grinding Media Ma [
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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
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
