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


coal miner

Ukraine: EMSS gets new Thyssenkrupp Steel Europe order 
Fri 8th Nov 2019 11:10 GMT
Energomashspetsstal has received a new order from Thyssenkrupp Steel Europe. The German company has ordered two supporting rolls for the hot-rolling mill-1800. According to the contract the rolls have to be delivered in Q1 2020. Their combined weight is 70.93 tons. [see full report]

Turkish steel companies' profits pressured by a shrinking ... 
Fri 8th Nov 2019 10:10 GMT
Erdemirs share price stood at 7.21 lira at Thursdays close, while Kardemirs stood 2.33 lira. According to data from the Turkish Steel Producers Association, steel product consumption [see full report]

Global steel firm in talks with 3 states for $4 billion ... 
Fri 8th Nov 2019 00:00 GMT
Ballari district in Karnataka is the companys preferred location for the plant because the region has abundant deposits of high-grade iron ore, a key steel-making ingredient, and is home to steel, sponge iron and pellet units. The JSW Group has a steel mill of 12 MTPA capacity in [see full report]

G-20 weighs new steel glut monitor after China blocks ... 
Thu 7th Nov 2019 20:50 GMT
The initiative brings together delegates from 33 nations and territories including Japan, the U.S., the European Union and China. Other major steel producers such as Brazil, India and Russia are [see full report]

Shanghai stainless steel ends below 15,000 yuan for fourth ... 
Thu 7th Nov 2019 16:29 GMT
Stainless steel inventory in China continued to hover at record-high level, said Helen Lau closing in on levels seen before the Jan. 25 mine tailings dam burst in Brazil, which sparked [see full report]

Russia: Metalloinvest output down in January-September ... 
Thu 7th Nov 2019 10:53 GMT
In January-September Metalloinvest produced 3.628 million tons of steel, down by 2.7% YoY. The decrease is explained with the capital repairs of the continuous casting machines Nos. 1 and 2 at Ural Stal and the trial operation of the flexible module furnace. Sales dropped by 1.1%, to 3.407 million tons. Semi-finished products accounted [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 European SBQ plants
European SBQ plants

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