INDUSTRY AND COMPANY NEWS
Falling steel demand from COVID-19 may hit raw materials ... Mon 30th Mar 2020 07:41 GMT
Iron ore rangebound Chinese mills want to only buy low and medium iron ore grades because they are concerned about steel demand, a trader said. Current spot price support is seen in the 62% Fe [read original report
]ArcelorMittal Brazil to idle BF No 3 in Tubarao Mon 30th Mar 2020 02:31 GMT
Platts reported that ArcelorMittal Brazil decided to temporarily adjust production in both its flat and long steel units from April on, following the serious impacts of the coronavirus crisis. On [more
]Coronavirus: Rebecca Long-Bailey calls for government ... Sun 29th Mar 2020 18:02 GMT
This cant be a one size fits all approach - clearly a small chain of pubs is different from the steel industry - but in every case we should see greater public benefit and social [view original press release
]We are reviving Zisco, says Cross Sun 29th Mar 2020 05:32 GMT
The Ministry of Finance expressed interest as it would take over a third of the bilateral debt with Germany and result in a significant reduction in the national debt and the debts of Zisco [go to press release
]The Mubarak System without Mubarak Sat 28th Mar 2020 09:21 GMT
The gentle military putsch of 2011 only ostensibly implies a radical change in the country's elites. Businessmen such as the former steel baron and NDP functionary Ahmed Ezz, whose political [go to full article
]Customised Wrtsil Ship Design Chosen for 2 P&O Ships Fri 27th Mar 2020 01:27 GMT
The technology group Wrtsil has been selected to provide the design for two new bulk and container carriers. The ships are being built for Dubai based P&O Maritime Logistics at the Fujian [more
]U.S. Steel outlines 'difficult but necessary' response ... Fri 27th Mar 2020 00:00 GMT
U.S. Steel Corp. will take a series of aggressive and meaningful actions to provide greater certainty on the companys response to impacts from the coronavirus (COVID-19) and the sudden, significant changes in global oil and [read full report
]US Steel Imports Drop in February, Coronavirus Casts ... Thu 26th Mar 2020 14:37 GMT
U.S. steel imports tumbled in February on a monthly comparison basis and were also down year over year for the first two months of 2020 according to the latest American Iron and Steel [more
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SELECTED STEELWORKS MAPS
Map of European BOF plants
For other steel location maps, visit our Steel Maps page.
STEEL WORKS CAPITAL INVESTMENT COSTS
BOF SLAB 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
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
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%.
Source: MCI analysis. Table last updated 26-Apr-19.
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This site is owned and operated by Metals Consulting International Limited (MCI), and provides site visitors with steel sector news, price, cost and related industry information.
MCI is a privately-owned London based management consultancy firm. Our experts specialise in market assessments, technical evaluations and financial modelling.
MCI's main business activity is steel sector investment appraisal covering ore mining, raw material supply, iron and steelmaking, casting and rolling operations, and metal distribution for clients worldwide. Our main projects centre on business restructuring and plant modernisation, including performance turnaround; much of our work is for governments, shareholders and other financiers. Feel free to telephone us on +44 775 149 0885 for a no-obligation initial discussion about our advisory services.