Skip to main content

Steel industry news and business information.

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

CORPORATE AND INDUSTRY NEWS


reinforcing bar

Leadsom backs British Steel's Turkish takeover 
Wed 21st Aug 2019 00:28 GMT
They want to invest in the company and increase productivity, and they believe British Steel should be a significant player globally. The company is the largest stakeholder in Turkish [see full report]

Zisco new board to be announced this week 
Tue 20th Aug 2019 21:22 GMT
It is hoped that the new Zisco board will not only be mandated with an oversight role of resuscitating the defunct Redcliff-based giant steel company but also its subsidiaries like [see full report]

Why British Steel deal could lead to an amazing future ... 
Tue 20th Aug 2019 18:13 GMT
Ataer has experience in the steel industry, owning a controlling stake in Turkish firm Erdemir, the nations largest steel producer. Reports suggest that Erdemir is currently buying in hundreds [see full report]

BHP rides a breaking iron ore wave 
Tue 20th Aug 2019 14:29 GMT
BHPs iron ore production was flat year on year at 238m tonnes and costs were slightly below the 2018 figure at $14.16 a tonne, thanks to a weaker Australian dollar. Exceptional losses were [see full report]

The Big Australian delivers 
Tue 20th Aug 2019 14:15 GMT
The $US180 per tonne highs for iron ore crashed to less than $US40 per tonne by 2015. Then a joint venture with Brazilian miner Vale ended in disaster when the Samarco mine tailings dam [see full report]

BHP profit more than doubles to $12.2 billion as mine ... 
Tue 20th Aug 2019 14:08 GMT
Underlying earnings stripping out exceptional gains and losses, such as the Samarco cost came in at $US9.1 billion ($13.4 billion), marginally lower than analyst expectations. Iron ore was [see full report]


We also show stainless steel industry 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 Chinese seamless tube mills
Chinese seamless tube mills

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




STEEL WORKS CAPEX COSTS


BOF SLAB PLANT

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

Capital costs describe capex 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
Average capacity: 4210 kt
Sample size: 12
Average cost/tonne: $1050/t


INTEGRATED HOT STRIP MILL

hot strip mill capital investment costs
All cost 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
Average capacity: 6660 kt
Sample size: 16
Average 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 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 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 WEBSITES

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

Steel Guru at www.steelguru.com

SteelOrbis at www.steelorbis.com